Connexus Incorporated

Analysis

Connexus Incorporated is a registered charity in United States, based in Antioch, TN. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Connexus Incorporated reported income of $6.6m and spending of $5.8m, spending 88% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.4m to $6.6m (+95%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Connexus Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include City Care Inc ($6.6m), Trident Area Agency on Aging Inc ($6.6m) and Hot Spots Extended Care Programs Inc ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $296k (5.1% of expenses). Other salaries and wages came to $966k. At year end it held assets of $778k against liabilities of $870k, net assets of -$92k. It reported 30 employees.