Connecticut Network for Children and Youth Inc

Analysis

Connecticut Network for Children and Youth Inc is a registered charity in United States, based in Wethersfield, CT. It received its IRS tax-exemption ruling in November 1991, 35 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 Network for Children and Youth Inc reported income of $1.2m and spending of $1.3m, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $938k to $1.2m (+27%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connecticut Network for Children and Youth Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include Latin Americans for Social and Economic Development Inc ($1.2m), Transitions Family Violence Services ($1.2m) and Twin Cities Concert Association ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $114k (9.1% of expenses). Other salaries and wages came to $425k. At year end it held assets of $1.3m against liabilities of $393k, net assets of $866k. It reported 10 employees.