Creative Connections Inc

Analysis

Creative Connections Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in July 1993, 33 years ago. 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 2023, Creative Connections Inc reported income of $306k and spending of $359k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $282k to $306k (+8.7%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Creative Connections Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include Colorado Park Housing Corp P a H C ($306k), Young Mens Library Association ($306k) and Bethel Home & Services Foundation Inc ($306k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $19k (5.3% of expenses). Other salaries and wages came to $199k. At year end it held assets of $149k against liabilities of $12k, net assets of $137k. It reported 6 employees.