Connex Foundation Inc

Analysis

Connex Foundation Inc is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Connex Foundation Inc reported income of $101k and spending of $79k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $136k to $101k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Connex Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include Morgenstern Workshop ($101k), Bluegrass Tomorrow Inc ($101k) and Pentwater Artisan Learning Center Inc ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 117% of the total. At year end it held assets of $193k against liabilities of $11k, net assets of $182k.