Connecticut Association for the Education of Young Children

Analysis

Connecticut Association for the Education of Young Children is a registered charity in United States, based in Meriden, CT. It received its IRS tax-exemption ruling in April 1974, 52 years ago. 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 Association for the Education of Young Children reported income of $925k and spending of $876k, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $285k to $925k (+225%), an average of +48% a year. The sharpest change came in the year to June 2021, when income rose by 118%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connecticut Association for the Education of Young Children sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include United Way of Northern New Mexico Serving Los Alamos & Rio Arriba ($925k), The George Chambers Resource Center Inc ($925k) and Deaconess-Zane Center ($925k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $95k (11% of expenses). Other salaries and wages came to $263k. At year end it held assets of $1.6m against liabilities of $1.2m, net assets of $367k. It reported 9 employees.