Connecticut United for Research Excellence Inc

Analysis

Connecticut United for Research Excellence Inc is a registered charity in United States, based in Groton, CT. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 United for Research Excellence Inc reported income of $601k and spending of $618k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $556k to $601k (+8.1%), an average of +2.0% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Connecticut United for Research Excellence Inc sits at the 58th percentile: it is larger than about 58% 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 Christian Village ($601k), Brandon Area Rescue Squad Inc ($601k) and Ames Senior Living ($601k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $231k (37% of expenses). Other salaries and wages came to $147k. At year end it held assets of $496k against liabilities of $14k, net assets of $482k. It reported 5 employees.