Children in Placement Connecticut Inc

Analysis

Children in Placement Connecticut Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in March 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 June 2024, Children in Placement Connecticut Inc reported income of $610k and spending of $531k, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $443k to $610k (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2024, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Children in Placement Connecticut Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include North Haven Library Inc ($610k), Bristow Social Services Inc ($610k) and Skinner Leadership Institute Inc ($610k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $126k (24% of expenses). Other salaries and wages came to $268k. At year end it held assets of $198k against liabilities of $13k, net assets of $185k. It reported 12 employees.