Connersville Urban Enterprise Association Inc

Analysis

Connersville Urban Enterprise Association Inc is a registered charity in United States, based in Connersville, IN. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, 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 2024, Connersville Urban Enterprise Association Inc reported income of $270k and spending of $277k, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $200k to $270k (+35%), an average of +6.2% a year. The sharpest change came in the year to June 2023, when income rose by 440%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Connersville Urban Enterprise Association Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within IN. Charities of a similar size with the same main cause include Friends of Global Market Inc ($270k), Southeast Michigan Enterprises Inc ($270k) and Lewisburg Downtown Partnership ($270k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $130k against liabilities of $0, net assets of $130k.