Connors Way Inc

Analysis

Connors Way Inc is a registered charity in United States, based in Hinckley, NY. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Connors Way Inc reported income of $65k and spending of $64k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $65k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Connors Way Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include YMCA Endowment Foundation of Akron ($65k), Mason Touchdowners Inc ($65k) and Santa Fe Touchdown Club ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.