Connecticut Explored Inc

Analysis

Connecticut Explored Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Connecticut Explored Inc reported income of $365k and spending of $416k, spending 114% of what it took in. Across the 4 years on record, from August 2019 to August 2023, income grew from $208k to $365k (+76%), an average of +21% a year. The sharpest change came in the year to August 2023, when income rose by 44%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Connecticut Explored Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CT. Charities of a similar size with the same main cause include Association for Academic Surgery Foundation ($365k), Freven Foundation Charitable TR ($365k) and Polar Bear Foundation ($365k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 59% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $77k (19% of expenses). Other salaries and wages came to $76k. At year end it held assets of $346k against liabilities of $114k, net assets of $232k. It reported 5 employees.