Connect Senior Services Inc

Analysis

Connect Senior Services Inc is a registered charity in United States, based in Upland, CA. It received its IRS tax-exemption ruling in August 2020, 6 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 December 2023, Connect Senior Services Inc reported income of $1.7m and spending of $1.4m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $707k to $1.7m (+137%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Connect Senior Services Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Lutheran Housing Development Fund Corporation ($1.7m), TH Inc ($1.7m) and Rockland Home for the Aged Housing Development Fund Company Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $121k (8.8% of expenses). Other salaries and wages came to $220k. At year end it held assets of $6.4m against liabilities of $2.8m, net assets of $3.5m. It reported 8 employees.