Carmel Connection Foundation Inc

Analysis

Carmel Connection Foundation Inc is a registered charity in United States, based in Pt Pleas BCH, NJ. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Carmel Connection Foundation Inc reported income of $173k and spending of $8,890, leaving 95% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income fell from $228k to $173k (-24%), an average of -13% a year. The sharpest change came in the year to June 2023, when income rose by 66%. Over the whole period it spent 2.1% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carmel Connection Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Jefferson Academy Parent Teacher Organization ($173k), Florida Independent College Fund ($173k) and Titan Athletic Booster Club ($173k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. At year end it held assets of $988k against liabilities of $21k, net assets of $967k.