Connecticut Association of Prof Financial Aid Admin Inc

Analysis

Connecticut Association of Prof Financial Aid Admin Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in January 1999, 27 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 June 2023, Connecticut Association of Prof Financial Aid Admin Inc reported income of $64k and spending of $68k, spending 106% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $53k to $64k (+21%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connecticut Association of Prof Financial Aid Admin Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within CT. Charities of a similar size with the same main cause include International New Thought Alliance a Corp ($64k), PTA Alabama Congress ($64k) and World Evangelistic Rescue Corporate Church of God ($64k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 76% of the total. At year end it held assets of $205k against liabilities of $0, net assets of $205k.