Conexio Care Inc

Analysis

Conexio Care Inc is a registered charity in United States, based in Claymont, DE. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Conexio Care Inc reported income of $69.7m and spending of $71.9m, spending 103% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $2.6m to $69.7m (+2606%), an average of +420% a year. The sharpest change came in the year to June 2022, when income rose by 2419%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Conexio Care Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within DE. Charities of a similar size with the same main cause include Planned Parenthood North Central States ($69.7m), St Josephs Hospital Breese of the Hospital Sisters of the Third Orde ($70.0m) and Wayne Hospital Company ($69.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.5% and program service revenue 91% of the total. At year end it held assets of $48.4m against liabilities of $54.8m, net assets of -$6.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.