The Connecticut Healthcare Research & Education Foundation Incorp

Analysis

The Connecticut Healthcare Research & Education Foundation Incorp is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in July 1966, 60 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 April 2023, The Connecticut Healthcare Research & Education Foundation Incorp reported income of $2.4m and spending of $2.1m, spending 87% of its income. Across the 5 years on record, from April 2019 to April 2023, income fell from $2.7m to $2.4m (-12%), an average of -3.0% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Connecticut Healthcare Research & Education Foundation Incorp sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include The Dorsey and Whitney Foundation ($2.4m), Ability Experience ($2.4m) and Christian Witness Theological Seminary ($2.4m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Other salaries and wages came to $812k. At year end it held assets of $8.1m against liabilities of $5.7m, net assets of $2.5m.