Cny Connect Ny Inc

Analysis

Cny Connect Ny Inc is a registered charity in United States, based in Potsdam, NY. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Cny Connect Ny Inc reported income of $505k and spending of $485k, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $459k to $505k (+10%), an average of +3.2% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cny Connect Ny Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Heritage Christian School ($504k), The Muse Writers Center ($505k) and Goswami Education ($504k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $111k (23% of expenses). Other salaries and wages came to $28k. At year end it held assets of $333k against liabilities of $6,433, net assets of $327k. It reported 4 employees.