Conxusneo

Analysis

Conxusneo is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Conxusneo reported income of $1.3m and spending of $997k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.3m (-10%), an average of -2.6% a year. The sharpest change came in the year to June 2020, when income dropped by 44%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Conxusneo 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 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include West Valley Alliance ($1.3m), Hhplift ($1.3m) and Washington County Vocational Workshop ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Other salaries and wages came to $93k. At year end it held assets of $783k against liabilities of $90k, net assets of $692k.