Connecticut Invention Convention Inc

Analysis

Connecticut Invention Convention Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 2023, Connecticut Invention Convention Inc reported income of $714k and spending of $570k, leaving 20% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $326k to $714k (+119%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 60%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Connecticut Invention Convention Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include North American Bear Center ($714k), Forge Nashville ($714k) and Twin City Model Railroad Club Inc ($713k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $108k (19% of expenses). Other salaries and wages came to $234k. At year end it held assets of $920k against liabilities of $42k, net assets of $878k. It reported 9 employees.