Connected Nation Inc

Analysis

Connected Nation Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Connected Nation Inc reported income of $13.4m and spending of $13.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $13.4m (+197%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 197%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Connected Nation Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Hoosac School ($13.4m), Excelsior Classical Academy - a Challenge Foundation Academy ($13.4m) and Kinkaid School Endowment Fund Inc ($13.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 30% of the total. Other salaries and wages came to $4.7m. At year end it held assets of $8.8m against liabilities of $1.1m, net assets of $7.7m. It reported 78 employees.