Conaxion Inc

Analysis

Conaxion Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Conaxion Inc reported income of $127k and spending of $95k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $316k to $127k (-60%), an average of -37% a year. The sharpest change came in the year to December 2023, when income rose by 198%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Conaxion Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Ecumenical Lay Council of Northport-East Northport Inc ($127k), Adult Christian Care Inc ($127k) and Carolines Promise ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $49k (51% of expenses). At year end it held assets of $42k against liabilities of $16k, net assets of $26k. It reported 3 employees.