Community Econsult Network Inc

Analysis

Community Econsult Network Inc is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Community Econsult Network Inc reported income of $3.8m and spending of $4.2m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $3.8m (+254%), an average of +37% a year. The sharpest change came in the year to June 2022, when income rose by 123%. Over the whole period it spent 129% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community Econsult Network Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include Good Samaritan Health Center of Gwinnett Inc ($3.8m), Familywise Services ($3.8m) and Neurocritical Care Society Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $4.0m against liabilities of $8.5m, net assets of -$4.5m. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.