Connolly Square Incorporated

Analysis

Connolly Square Incorporated is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Connolly Square Incorporated reported income of $198k and spending of $325k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $198k (+1.8%), an average of +0.4% a year. Over the whole period it spent 157% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Connolly Square Incorporated sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 49th percentile within AK. Charities of a similar size with the same main cause include East Harlem El Barrio Community Land Trust Inc ($198k), Oak Grove Housing Inc ($198k) and Madison County Senior Housing Inc ($198k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.8m against liabilities of $4.5m, net assets of -$702k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.