Connecting Ties Inc

Analysis

Connecting Ties Inc is a registered charity in United States, based in Valdez, AK. It received its IRS tax-exemption ruling in December 1997, 29 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 June 2023, Connecting Ties Inc reported income of $2.1m and spending of $1.7m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $2.1m (-27%), an average of -7.6% a year. The sharpest change came in the year to June 2022, when income dropped by 25%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Connecting Ties Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within AK. Charities of a similar size with the same main cause include Metropolitan Family Services Inc ($2.1m), Chicago Architecture Biennial Inc ($2.1m) and Divine Mercy Province of Heralds of Good News ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $92k (5.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.4m against liabilities of $375k, net assets of $1000k. It reported 59 employees.