BBB Foundation of Connecticut Inc

Analysis

BBB Foundation of Connecticut Inc is a registered charity in United States, based in Cromwell, CT. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, BBB Foundation of Connecticut Inc reported income of $220k and spending of $213k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $22k to $220k (+918%), an average of +219% a year. The sharpest change came in the year to December 2022, when income rose by 505%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, BBB Foundation of Connecticut Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within CT. Charities of a similar size with the same main cause include Barron County Historical Society Incorporated ($220k), Glacier Hockey Association Inc ($220k) and Little League Baseball Inc ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $90k. At year end it held assets of $25k against liabilities of $0, net assets of $25k.