Ecsu Foundation Inc

Analysis

Ecsu Foundation Inc is a registered charity in United States, based in Willimantic, CT. It received its IRS tax-exemption ruling in November 1972, 54 years ago. 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, Ecsu Foundation Inc reported income of $2.7m and spending of $2.1m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.7m (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ecsu Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Nora School ($2.7m), Center for the Advocacy for the Rights & Interests of the Elderly ($2.7m) and The Galloway School ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $195k. It paid $12k in professional fundraising fees. At year end it held assets of $23.6m against liabilities of $1.3m, net assets of $22.3m. It reported 2 employees.