Connecticut Library Consortium Inc

Analysis

Connecticut Library Consortium Inc is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Connecticut Library Consortium Inc reported income of $808k and spending of $849k, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $382k to $808k (+111%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 108%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Connecticut Library Consortium Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CT. Charities of a similar size with the same main cause include Montessori House of Ocala ($808k), Prairie STEM ($808k) and Stella Learning Center Inc ($808k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $109k (13% of expenses). Other salaries and wages came to $306k. At year end it held assets of $384k against liabilities of $92k, net assets of $292k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.