Ferret Association of Connecticut Inc

Analysis

Ferret Association of Connecticut Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Ferret Association of Connecticut Inc reported income of $82k and spending of $66k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $93k to $82k (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2022, when income rose by 544%. Over the whole period it spent 36% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Ferret Association of Connecticut Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within CT. Charities of a similar size with the same main cause include Southern Souls Animal League ($82k), Double Dog Dare Rescue Inc ($82k) and Recycles Rotts S Inc ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $19k (29% of expenses). At year end it held assets of $660k against liabilities of $0, net assets of $660k. It reported 1 employees.