Eastern Star Charity Foundation of Conn Inc

Analysis

Eastern Star Charity Foundation of Conn Inc is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in March 1964, 62 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Eastern Star Charity Foundation of Conn Inc reported income of $1.1m and spending of $474k, leaving 55% of income unspent that year. Across the 5 years on record, from February 2020 to February 2024, income grew from $510k to $1.1m (+108%), an average of +20% a year. The sharpest change came in the year to February 2024, when income rose by 804%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastern Star Charity Foundation of Conn Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include National Safe Boating Council Inc ($1.1m), St Columba Development Corp Inc ($1.1m) and Greater Akron Amenities Inc ($1.1m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 1.2% of the total. Compensation of current officers, directors and key employees was $4,440 (0.9% of expenses). At year end it held assets of $7.6m against liabilities of $0, net assets of $7.6m.