Open Connections Inc

Analysis

Open Connections Inc is a registered charity in United States, based in Newtown SQ, PA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Open Connections Inc reported income of $802k and spending of $1.0m, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $802k (-44%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 177%. Over the whole period it spent 107% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Open Connections Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Bmore Empowered Inc ($802k), Cycles of Change ($802k) and Trenton Civil Circus Project Inc ($802k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $17k (1.7% of expenses). Other salaries and wages came to $459k. At year end it held assets of $5.7m against liabilities of $287k, net assets of $5.4m. It reported 18 employees.