Connecticut Amvets Service Foundation

Analysis

Connecticut Amvets Service Foundation is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2024, Connecticut Amvets Service Foundation reported income of $75k and spending of $51k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $70k to $75k (+6.2%), an average of +1.5% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connecticut Amvets Service Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within CT. Charities of a similar size with the same main cause include PTA New York Congress ($75k), Volunteers of America Inc ($75k) and Palo Verde College Foundation ($75k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% of the total. It paid $31k in professional fundraising fees. At year end it held assets of $265k against liabilities of $0, net assets of $265k.