Connecticut Association of Independent Schools Inc

Analysis

Connecticut Association of Independent Schools Inc is a registered charity in United States, based in Southington, CT. It received its IRS tax-exemption ruling in April 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Connecticut Association of Independent Schools Inc reported income of $1.0m and spending of $1.1m, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $750k to $1.0m (+39%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 101% 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 Independent Schools Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include Seeds of Learning ($1.0m), So Cal Bearcats Baseball & Softball Club Inc ($1.0m) and Friends of Libertas Academy Charter School Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $297k (27% of expenses). Other salaries and wages came to $237k. At year end it held assets of $1.4m against liabilities of $98k, net assets of $1.3m. It reported 6 employees.