The Conscious Connect Redevelopment Corporation

Analysis

The Conscious Connect Redevelopment Corporation is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in May 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Conscious Connect Redevelopment Corporation reported income of $623k and spending of $496k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $482k to $623k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Conscious Connect Redevelopment Corporation 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 74th percentile within OH. Charities of a similar size with the same main cause include Fairmount Community Development Corporation ($623k), Rehabilitation Enables Dreams ($623k) and East Montgomery County Economic Development Corporation ($623k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $723k against liabilities of $75k, net assets of $647k.