Connecticut Student Loan Foundtion

Analysis

Connecticut Student Loan Foundtion is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in October 1986, 40 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Connecticut Student Loan Foundtion reported income of $7.4m and spending of $6.2m, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $8.2m to $7.4m (-8.9%), an average of -2.3% a year. The sharpest change came in the year to June 2021, when income dropped by 37%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connecticut Student Loan Foundtion 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 Corporacion Educativa Ramon Barquin ($7.4m), Life Enrichment Academy Inc ($7.4m) and National Conference on Citizenship ($7.4m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. At year end it held assets of $76.6m against liabilities of $55.7m, net assets of $20.9m. It reported 20 employees.