Connecticut Foundation Solutions Indemnity Company Inc

Analysis

Connecticut Foundation Solutions Indemnity Company Inc is a registered charity in United States, based in Ashford, CT. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Foundation Solutions Indemnity Company Inc reported income of $26.1m and spending of $32.6m, spending 125% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $31.0m to $26.1m (-16%), an average of -5.6% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Connecticut Foundation Solutions Indemnity Company Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include One Vision ($26.1m), Brothers Redevelopment Inc ($26.1m) and Maryland Masonic Homes Ltd ($26.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $34.9m against liabilities of $67.6m, net assets of -$32.7m.