Connecticut Public Affairs Network Inc

Analysis

Connecticut Public Affairs Network Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in March 1998, 28 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 2024, Connecticut Public Affairs Network Inc reported income of $3.1m and spending of $2.9m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $3.1m (+33%), an average of +7.4% a year. Over the whole period it spent 90% 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 Public Affairs Network Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include New Museum at the Bradford Brinton Ranch ($3.1m), Marquis Studios Ltd ($3.1m) and Arts for Healing and Justice Network ($3.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $112k (3.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $1.9m against liabilities of $231k, net assets of $1.7m. It reported 38 employees.