Connect Community Charter School

Analysis

Connect Community Charter School is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Connect Community Charter School reported income of $3.3m and spending of $2.8m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $3.3m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Connect Community Charter School sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Albemarle Alliance for Children and Families Inc ($3.3m), York Avenue Preschool and Kindergarten ($3.3m) and Hope for Tomorrow Foundation ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $163k (5.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.3m against liabilities of $607k, net assets of $1.7m. It reported 49 employees.