06880 Inc

Analysis

06880 Inc is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in May 2022, 4 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 December 2023, 06880 Inc reported income of $120k and spending of $101k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $120k (+5.7%), an average of +5.7% a year. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 06880 Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within CT. Charities of a similar size with the same main cause include Santa Rosa Community Services Inc ($120k), Batiste Organization ($120k) and Indiana Geographic Information Council Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.