365 Connect Inc

Analysis

365 Connect Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, 365 Connect Inc reported income of $661k and spending of $537k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $497k to $661k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 365 Connect Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Executive Service Corps of New England Inc ($661k), G I S Housing III Inc ($661k) and Century School Inc ($661k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $126k. At year end it held assets of $255k against liabilities of $0, net assets of $255k. It reported 2 employees.