Ccsu Foundation Inc

Analysis

Ccsu Foundation Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in February 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Ccsu Foundation Inc reported income of $5.9m and spending of $5.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.0m to $5.9m (-47%), an average of -15% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ccsu Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Tiferes Bais Yaakov Inc ($5.9m), West Michigan Academy of Arts and Academics ($5.9m) and South of Market Child Care Inc ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 7.3% of the total. Other salaries and wages came to $95k. At year end it held assets of $96.2m against liabilities of $2.3m, net assets of $93.9m. It reported 1 employees.