Connectup Institute

Analysis

Connectup Institute is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in December 2020, 6 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 December 2023, Connectup Institute reported income of $479k and spending of $456k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $650k to $479k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Connectup Institute sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Colorado Institute for Public Life ($479k), Delaware Black Chamber of Commerce Inc ($479k) and Junior League of Raleigh Inc ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $82k (18% of expenses). Other salaries and wages came to $118k. At year end it held assets of $641k against liabilities of $203k, net assets of $438k. It reported 8 employees.