Pat Connaughton Foundation

Analysis

Pat Connaughton Foundation is a registered charity in United States, based in Newburyport, MA. It received its IRS tax-exemption ruling in January 2017, 9 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, Pat Connaughton Foundation reported income of $606k and spending of $345k, leaving 43% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $300k to $606k (+102%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 207%. Over the whole period it spent 55% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Pat Connaughton Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Eighty-Seven & Running ($605k), Cove Ltd ($606k) and Cut Off Youth Center ($605k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 9.0% of the total. At year end it held assets of $678k against liabilities of $834, net assets of $677k.