Big Brothers Big Sisters of Connecticut Inc

Analysis

Big Brothers Big Sisters of Connecticut Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in February 1969, 57 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Big Brothers Big Sisters of Connecticut Inc reported income of $2.8m and spending of $2.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.8m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Big Brothers Big Sisters 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 88th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Waterstep Inc ($2.8m), One Eleuthera Foundation ($2.8m) and Dynamic Youth Ministries ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $194k (7.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.8m against liabilities of $263k, net assets of $1.6m. It reported 39 employees.