Governors Partnership to Protect Connecticuts Workforce Inc

Analysis

Governors Partnership to Protect Connecticuts Workforce Inc is a registered charity in United States, based in East Hartford, CT. It received its IRS tax-exemption ruling in March 1994, 32 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 December 2023, Governors Partnership to Protect Connecticuts Workforce Inc reported income of $3.5m and spending of $3.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.5m (+66%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 78%. 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, Governors Partnership to Protect Connecticuts Workforce Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Goshen Fire Company ($3.5m), Pih Health Foundation ($3.5m) and Calvary Episcopal School ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $310k (8.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.6m against liabilities of $901k, net assets of $1.7m. It reported 20 employees.