Connections of Cumberland County Inc

Analysis

Connections of Cumberland County Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in August 2012, 14 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 (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, Connections of Cumberland County Inc reported income of $470k and spending of $541k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $288k to $470k (+63%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 167%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Connections of Cumberland County Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Amigos of Hidalgo County ($470k), Serenity Apartments Inc ($470k) and Southpointe Villa RHF Housing Inc ($470k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $77k (14% of expenses). Other salaries and wages came to $101k. At year end it held assets of $485k against liabilities of $16k, net assets of $470k. It reported 7 employees.