Connecticut Renaissance Inc

Analysis

Connecticut Renaissance Inc is a registered charity in United States, based in Shelton, CT. It received its IRS tax-exemption ruling in October 1969, 57 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Renaissance Inc reported income of $18.3m and spending of $15.6m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.6m to $18.3m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Connecticut Renaissance Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Archbold Medical Group Inc ($18.3m), Shunpike Charitable Foundation ($18.3m) and Laboratory Services Cooperative ($18.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $969k (6.2% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $8.5m against liabilities of $4.9m, net assets of $3.6m. It reported 264 employees.