Connect US Inc

Analysis

Connect US Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Connect US Inc reported income of $484k and spending of $483k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $447k to $484k (+8.3%), an average of +2.0% a year. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Connect US Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within CT. Charities of a similar size with the same main cause include Restore Assemble Produce ($484k), Moore County Jr Livestock Assoc ($485k) and Power Up Scholarship Fund Inc ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $171k (35% of expenses). Other salaries and wages came to $117k. At year end it held assets of $544k against liabilities of $105k, net assets of $439k. It reported 9 employees.