Connecticut Farmland Trust Inc

Analysis

Connecticut Farmland Trust Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 December 2023, Connecticut Farmland Trust Inc reported income of $541k and spending of $603k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $970k to $541k (-44%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 30%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Connecticut Farmland Trust Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CT. Charities of a similar size with the same main cause include Heart and Hand Ministries Inc ($540k), Little Seeds Early Childhood Center Inc ($541k) and Dunedin Cares Inc ($540k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $91k (15% of expenses). Other salaries and wages came to $245k. At year end it held assets of $1.9m against liabilities of $5,418, net assets of $1.9m. It reported 6 employees.