Conect Inc

Analysis

Conect Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Conect Inc reported income of $289k and spending of $222k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $250k to $289k (+15%), an average of +3.7% a year. The sharpest change came in the year to December 2023, when income rose by 252%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Conect Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Mercy Health Foundation Fort Scott ($289k), Four Health Family Resource Center Inc ($289k) and Albie Aware Inc ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $75k (34% of expenses). Other salaries and wages came to $16k. At year end it held assets of $145k against liabilities of $13k, net assets of $132k. It reported 2 employees.