Connecticut Institute for Community Development-Puerto Rican Parade

Analysis

Connecticut Institute for Community Development-Puerto Rican Parade is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, 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 December 2023, Connecticut Institute for Community Development-Puerto Rican Parade reported income of $151k and spending of $29k, leaving 81% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $29k to $151k (+412%), an average of +126% a year. The sharpest change came in the year to December 2023, when income rose by 1008%. Over the whole period it spent 21% 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 Institute for Community Development-Puerto Rican Parade sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within CT. Charities of a similar size with the same main cause include Dover Art League ($151k), Highlands Choral Society Inc ($151k) and Jump the Moon Foundation ($151k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $237k against liabilities of $0, net assets of $237k.