Ce12 Foundation

Analysis

Ce12 Foundation is a registered charity in United States, based in Darien, CT. It received its IRS tax-exemption ruling in May 2013, 13 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, Ce12 Foundation reported income of $601k and spending of $463k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $296k to $601k (+103%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ce12 Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Hilliard Development Corporation ($601k), South Side Quarter Development ($601k) and Italian-American Police Society of New Jersey Inc ($600k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $75k (16% of expenses). At year end it held assets of $667k against liabilities of $0, net assets of $667k. It reported 1 employees.