Designed2connect

Analysis

Designed2connect is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 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, Designed2connect reported income of $141k and spending of $100k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $139k to $141k (+1.8%), an average of +1.8% a year. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Designed2connect sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Pink Up the Pace Inc ($141k), Silver Creek Thrift Inc ($141k) and Uptown Faith Community Service Center ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $278k against liabilities of $2,012, net assets of $276k.