CT Bar Institute Inc

Analysis

CT Bar Institute Inc is a registered charity in United States, based in Meriden, CT. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, CT Bar Institute Inc reported income of $721k and spending of $1.1m, spending 148% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $461k to $721k (+56%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 65%. Over the whole period it spent 181% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, CT Bar Institute Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include The Learning Circle Preschool Inc ($721k), Phi Eta Sigma National Honor Society Inc ($722k) and International Chinese Statistical Association ($721k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Other salaries and wages came to $514k. At year end it held assets of $243k against liabilities of $3.5m, net assets of -$3.3m.

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.