Conectar Global

Analysis

Conectar Global is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Conectar Global reported income of $310k and spending of $292k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $144k to $310k (+116%), an average of +47% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Conectar Global sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Ocotillo Foundation Inc ($310k), Vietnamese Buddhist Community Co Lam Temple ($310k) and Seek & Find Ministries ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $38k (13% of expenses). At year end it held assets of $92k against liabilities of $5,105, net assets of $87k.