Connecticut Rise Network Inc

Analysis

Connecticut Rise Network Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in February 2017, 9 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 June 2023, Connecticut Rise Network Inc reported income of $6.6m and spending of $6.3m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.6m to $6.6m (+83%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 41%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Connecticut Rise Network Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include Salazar Family Foundation ($6.6m), Ucsf Foundation Investment Company ($6.6m) and Saint Bernard Academy ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $277k (4.4% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $6.1m against liabilities of $1.7m, net assets of $4.4m. It reported 43 employees.