Connectable Inc

Analysis

Connectable Inc is a registered charity in United States, based in Danville, IL. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Connectable Inc reported income of $449k and spending of $490k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $449k to $449k (+0.0%), an average of +0.0% a year. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Connectable Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Scholarship Committee Incorporated of the Salem High School Alumni As ($449k), Novato Charter School Foundation ($449k) and Holocaust Remembrance Association ($449k).

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 $99k (20% of expenses). Other salaries and wages came to $23k. At year end it held assets of $490k against liabilities of $490k, net assets of $0.