Connecticut Association of Schools Inc

Analysis

Connecticut Association of Schools Inc is a registered charity in United States, based in Cheshire, CT. It received its IRS tax-exemption ruling in May 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Connecticut Association of Schools Inc reported income of $6.1m and spending of $5.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $6.1m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Connecticut Association of Schools Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include Shaw Educational Foundation ($6.1m), Promise Academy Spring Hill ($6.1m) and Gatewood Schools Inc ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $291k (5.1% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $4.3m against liabilities of $422k, net assets of $3.8m. It reported 50 employees.