Circle of Friends of Connecticut Inc

Analysis

Circle of Friends of Connecticut Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Circle of Friends of Connecticut Inc reported income of $169k and spending of $134k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $169k (+146%), an average of +146% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Circle of Friends of Connecticut Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within CT. Charities of a similar size with the same main cause include Lake Eustis Youth Sailing Foundation Inc ($169k), Sunago Inc ($169k) and Friends of the Stoughton Area Youth Center Inc ($169k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. At year end it held assets of $241k against liabilities of $214k, net assets of $27k.