Connector Park Foundation Inc

Analysis

Connector Park Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 2022, 4 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 June 2023, Connector Park Foundation Inc reported income of $2.5m and spending of $2.6m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $3.5m to $2.5m (-29%), an average of -11% a year. The sharpest change came in the year to June 2022, when income dropped by 54%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Connector Park Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include Tri Industries NFP ($2.5m), Sunrise Enterprises of Roseburg Inc ($2.5m) and Self Storage Association Foundation ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $249k (9.7% of expenses). Other salaries and wages came to $29k. At year end it held assets of $6.6m against liabilities of $412k, net assets of $6.1m. It reported 5 employees.