Finishing Trades Institute of Southern New England Inc

Analysis

Finishing Trades Institute of Southern New England Inc is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Finishing Trades Institute of Southern New England Inc reported income of $2.5m and spending of $2.1m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.5m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Finishing Trades Institute of Southern New England Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Intermountain Childrens Services Inc ($2.5m), The Arbor School of Central Florida Inc ($2.5m) and Children First Education Fund ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% and program service revenue 94% of the total. Other salaries and wages came to $938k. At year end it held assets of $2.6m against liabilities of $8,168, net assets of $2.6m. It reported 31 employees.