Essex Foundation Inc

Analysis

Essex Foundation Inc is a registered charity in United States, based in Essex, CT. It received its IRS tax-exemption ruling in November 1970, 56 years ago. 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 September 2024, Essex Foundation Inc reported income of $349k and spending of $43k, leaving 88% of income unspent that year. Across the 6 years on record, from September 2019 to September 2024, income grew from $160k to $349k (+118%), an average of +17% a year. The sharpest change came in the year to September 2024, when income rose by 121%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Essex Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include Casa San Juan Bosco II Inc ($349k), Wisconsin VFW Foundation Inc ($349k) and The Fellowship Center ($349k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 5.4% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.