Connection Fund - Jefferson

Analysis

Connection Fund - Jefferson is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in December 2012, 14 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 June 2023, Connection Fund - Jefferson reported income of $205k and spending of $301k, spending 147% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $208k to $205k (-1.7%), an average of -0.4% a year. Over the whole period it spent 153% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Connection Fund - Jefferson sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within CT. Charities of a similar size with the same main cause include Oaks Family Care Center Inc ($205k), Washington Lane Section 811 Housing Corporation ($205k) and Elisha Ministries ($205k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $31k. At year end it held assets of $3.4m against liabilities of $4.4m, net assets of -$944k.

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.