Ari of Connecticut Inc

Analysis

Ari of Connecticut Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in July 1955, 71 years ago. 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, Ari of Connecticut Inc reported income of $7.6m and spending of $7.0m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $7.6m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ari of Connecticut Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Georgia Tech Alumni Association Inc ($7.6m), Art of Problem Solving Initiative Inc ($7.6m) and Lake Worth Christian School Society Inc ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $269k (3.8% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $5.2m against liabilities of $3.2m, net assets of $2.0m. It reported 141 employees.