Connecticut Community Foundation Inc

Analysis

Connecticut Community Foundation Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in April 1933, 93 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Connecticut Community Foundation Inc reported income of $14.9m and spending of $10.0m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.4m to $14.9m (+31%), an average of +7.1% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Connecticut Community Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include United Way of Buffalo and Erie County ($14.9m), Humboldt Area Foundation ($14.9m) and Fremont Area Community Foundation ($14.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $409k (4.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $150.8m against liabilities of $515k, net assets of $150.3m. It reported 16 employees.