Connecticut Education Foundation Inc

Analysis

Connecticut Education Foundation Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in April 1991, 35 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 Education Foundation Inc reported income of $124k and spending of $93k, leaving 25% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $99k to $124k (+25%), an average of +7.7% a year. The sharpest change came in the year to June 2021, when income rose by 81%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connecticut Education Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within CT. Charities of a similar size with the same main cause include Parent Booster USA Inc ($124k), Western New York United Against Drug Alcohol Abuse Foundation Inc ($124k) and Terre Haute Area Meals on Wheels Inc ($124k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $748k against liabilities of $0, net assets of $748k.