Connectability Inc

Analysis

Connectability Inc is a registered charity in United States, based in Dahlonega, GA. It received its IRS tax-exemption ruling in June 2006, 20 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, Connectability Inc reported income of $208k and spending of $198k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $132k to $208k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Connectability Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within GA. Charities of a similar size with the same main cause include Childrens Services Inc ($208k), Oromo Community Inc MPLS St Paul ($208k) and Bread for Life Ministries ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $61k (31% of expenses). Other salaries and wages came to $36k. At year end it held assets of $226k against liabilities of $5,852, net assets of $220k.