Communication Advocacy Network Corp

Analysis

Communication Advocacy Network Corp is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover human services, 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, Communication Advocacy Network Corp reported income of $244k and spending of $221k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $200k to $244k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. 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, Communication Advocacy Network Corp sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within CT. Charities of a similar size with the same main cause include Lasalle Early Childhood Center Inc ($244k), Friendship Adult Day Services Inc ($244k) and People Center Inc ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $33k (15% of expenses). Other salaries and wages came to $900. At year end it held assets of $71k against liabilities of $0, net assets of $71k. It reported 2 employees.