Connectcr Inc

Analysis

Connectcr Inc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Connectcr Inc reported income of $1.0m and spending of $1.7m, spending 170% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.0m (-26%), an average of -7.4% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Connectcr Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within IA. Charities of a similar size with the same main cause include Antique Auto Museum of Mass at Larz Anderson Park Inc ($1.0m), Lionheart Foundation ($1.0m) and Charlotte Museum of History Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $12k (0.7% of expenses). At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m.