Connection Fund-Liberty Inc

Analysis

Connection Fund-Liberty Inc is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Connection Fund-Liberty Inc reported income of $525k and spending of $629k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $432k to $525k (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 132% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Connection Fund-Liberty Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CT. Charities of a similar size with the same main cause include Pegasus Project Foundation ($525k), Harmony Family Services Inc ($525k) and Family Promise of Forsyth County Inc ($525k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 81% of the total. Other salaries and wages came to $155k. At year end it held assets of $5.9m against liabilities of $3.7m, net assets of $2.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.