Connections Education Center of the Palm Beaches Inc

Analysis

Connections Education Center of the Palm Beaches Inc is a registered charity in United States, based in West Palm Beach, FL. It received its IRS tax-exemption ruling in September 2015, 11 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 2024, Connections Education Center of the Palm Beaches Inc reported income of $5.8m and spending of $5.5m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.7m to $5.8m (+116%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Connections Education Center of the Palm Beaches Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Parents for Torah for All Children Ptach Inc ($5.8m), Virginia University of Integrative Medicine Inc ($5.8m) and Meadows Arts and Technology Elementary School ($5.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $183k (3.4% of expenses). Other salaries and wages came to $3.0m. It paid $399k in professional fundraising fees. At year end it held assets of $3.5m against liabilities of $2.6m, net assets of $920k. It reported 88 employees.