Center for Financial Training Atlantic & Central States

Analysis

Center for Financial Training Atlantic & Central States is a registered charity in United States, based in Farmington, CT. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Center for Financial Training Atlantic & Central States reported income of $1.4m and spending of $1.3m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.4m to $1.4m (-41%), an average of -12% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Financial Training Atlantic & Central States sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Early Childhood Collective of Douglas County Inc ($1.4m), Central Coast Waldorf School ($1.4m) and Waxahachie Preparatory Academy Ministries ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 73% of the total. Compensation of current officers, directors and key employees was $282k (22% of expenses). Other salaries and wages came to $36k. At year end it held assets of $1.0m against liabilities of $2,238, net assets of $1.0m. It reported 4 employees.