Connectus 4 Life Inc

Analysis

Connectus 4 Life Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in February 2024, 2 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Connectus 4 Life Inc reported income of $258k and spending of $254k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $164k to $258k (+58%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Connectus 4 Life Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Potters House ($258k), First Congregational Church of Hudson Endowment Fund ($258k) and Iglesia Las Vegas Palabra Viva ($258k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $91k (36% of expenses). At year end it held assets of $70k against liabilities of $3,694, net assets of $67k. It reported 1 employees.