Connectikids Inc

Analysis

Connectikids Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in January 1987, 39 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 August 2023, Connectikids Inc reported income of $654k and spending of $526k, spending 80% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $433k to $654k (+51%), an average of +11% a year. The sharpest change came in the year to August 2023, when income rose by 28%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connectikids Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Cor Jesu Foundation Inc ($654k), Meals From the Heart ($654k) and Oak Park Education Foundation ($654k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $98k (19% of expenses). Other salaries and wages came to $216k. At year end it held assets of $637k against liabilities of $53k, net assets of $585k. It reported 28 employees.