Connecticut Worker Center

Analysis

Connecticut Worker Center is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Connecticut Worker Center reported income of $307k and spending of $307k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $143k to $307k (+115%), an average of +47% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Connecticut Worker Center sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include Yes 2 Kollege Educational Resources Inc ($307k), 1018 Strategy ($307k) and Finding the Family ($307k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $106k (34% of expenses). At year end it held assets of $64k against liabilities of $60k, net assets of $4,031. It reported 3 employees.