Connecticut Alliance of Foster and Adoptive Families Inc

Analysis

Connecticut Alliance of Foster and Adoptive Families Inc is a registered charity in United States, based in Rocky Hill, CT. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Alliance of Foster and Adoptive Families Inc reported income of $2.4m and spending of $2.4m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $2.4m (+16%), an average of +5.0% a year. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Connecticut Alliance of Foster and Adoptive Families Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Museum of Sonoma County ($2.4m), Euchee Yuchi Language Project Inc ($2.4m) and National Academy of Inventors Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $121k (5.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $150k against liabilities of $178k, net assets of -$28k. It reported 24 employees.