Center for Advocacy Research & Education of Connecticut Inc

Analysis

Center for Advocacy Research & Education of Connecticut Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Center for Advocacy Research & Education of Connecticut Inc reported income of $416k and spending of $305k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $416k (+89%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 124%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center for Advocacy Research & Education of Connecticut Inc sits at the 64th percentile: it is larger than about 64% 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 Prince William County Community Foundation ($416k), Junior League of Baton Rouge Inc ($416k) and Valley View Foundation ($416k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $96k (31% of expenses). Other salaries and wages came to $3,985. At year end it held assets of $6.9m against liabilities of $0, net assets of $6.9m. It reported 2 employees.