Connecticut Council for Philanthropy

Analysis

Connecticut Council for Philanthropy is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in June 1969, 57 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Connecticut Council for Philanthropy reported income of $1.8m and spending of $1.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $789k to $1.8m (+126%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 162%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Connecticut Council for Philanthropy 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 85th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include American Friends of Yeshivas Nesivos Ahron ($1.8m), Pleasants Community Foundation Inc ($1.8m) and Four County Community Foundation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $171k (10% of expenses). Other salaries and wages came to $244k. At year end it held assets of $2.5m against liabilities of $1.4m, net assets of $1.1m. It reported 5 employees.