Connecticut Sikh Association Inc

Analysis

Connecticut Sikh Association Inc is a registered charity in United States, based in Southington, CT. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Connecticut Sikh Association Inc reported income of $420k and spending of $369k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $298k to $420k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Connecticut Sikh Association Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within CT. Charities of a similar size with the same main cause include Simxa Company Inc ($420k), Narrow Gate Horse Ranch Incorporated ($420k) and Gather at the Table Inc ($420k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $2.0m against liabilities of $2,600, net assets of $2.0m.