Connect Parent Group Network

Analysis

Connect Parent Group Network is a registered charity in United States, based in Millsboro, DE. It received its IRS tax-exemption ruling in May 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, Connect Parent Group Network reported income of $79k and spending of $121k, spending 153% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $115k to $79k (-31%), an average of -17% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Connect Parent Group Network sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within DE. Charities of a similar size with the same main cause include Eastern Upper Bucks Seniors Inc ($79k), Vesta Severn Inc ($79k) and Kingdom Community Services Inc ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $76k (63% of expenses). Other salaries and wages came to $11k. At year end it held assets of $101k against liabilities of $0, net assets of $101k.