CCNC Foundation

Analysis

CCNC Foundation is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, CCNC Foundation reported income of $172k and spending of $165k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $120k to $172k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, CCNC Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within CT. Charities of a similar size with the same main cause include Pambe Ghana Inc ($172k), Acumen Health Research Institute ($172k) and Huntsville High School Cross Country &track Booster Club ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.