Connecticut Society of Cpas Accounting Scholarship Foundation

Analysis

Connecticut Society of Cpas Accounting Scholarship Foundation is a registered charity in United States, based in Glastonbury, CT. It received its IRS tax-exemption ruling in April 1956, 70 years ago. 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 March 2024, Connecticut Society of Cpas Accounting Scholarship Foundation reported income of $57k and spending of $57k, spending 100% of its income. Across the 6 years on record, from March 2019 to March 2024, income fell from $132k to $57k (-57%), an average of -16% a year. The sharpest change came in the year to March 2022, when income rose by 113%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connecticut Society of Cpas Accounting Scholarship Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within CT. Charities of a similar size with the same main cause include International Order of the Rainbow Girls ($57k), PTA Texas Congress ($57k) and Tater Patch Players Inc ($57k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 46% of the total. At year end it held assets of $1.0m against liabilities of $6, net assets of $1.0m.