Connectability of MN Inc

Analysis

Connectability of MN Inc is a registered charity in United States, based in Waite Park, MN. It received its IRS tax-exemption ruling in October 1955, 71 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Connectability of MN Inc reported income of $13.2m and spending of $13.1m, spending 99% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $1.1m to $13.2m (+1142%), an average of +66% a year. The sharpest change came in the year to December 2021, when income rose by 376%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connectability of MN Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Lutheran Senior Healthcare Inc ($13.2m), Families & Children Together Inc ($13.2m) and Christian Cupboard Emergency Food Shelf ($13.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $96k (0.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.6m against liabilities of $2.2m, net assets of $1.4m. It reported 65 employees.