Conexion Inc

Analysis

Conexion Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Conexion Inc reported income of $611k and spending of $643k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $370k to $611k (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Conexion Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Waukesha County Center for Growth Inc ($611k), Friends of Dream Big Foundation Inc ($612k) and Roofers Local 195 Joint Apprenticeship Training Fund ($611k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $233k (36% of expenses). At year end it held assets of $606k against liabilities of $126k, net assets of $480k. It reported 3 employees.