Connect Inc

Analysis

Connect Inc is a registered charity in United States, based in Charleroi, PA. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Connect Inc reported income of $3.7m and spending of $3.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.7m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2020, when income rose by 59%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Connect Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Terrific Inc ($3.7m), Stockton Shelter for the Homeless ($3.7m) and Calvin Court Atlanta Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 7.5% of the total. Other salaries and wages came to $771k. At year end it held assets of $1.0m against liabilities of $246k, net assets of $788k. It reported 40 employees.