Advancing Connecticut Together Inc

Analysis

Advancing Connecticut Together Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in February 1990, 36 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Advancing Connecticut Together Inc reported income of $13.5m and spending of $13.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.5m to $13.5m (+107%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Advancing Connecticut Together Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Eben Ezer Lutheran Care Center ($13.5m), Santa Maria Hostel Inc ($13.5m) and Healthcare Alternative Systems Inc ($13.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $146k (1.1% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $6.5m against liabilities of $2.8m, net assets of $3.7m. It reported 73 employees.