Interconnection

Analysis

Interconnection is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 1999, 27 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, Interconnection reported income of $2.6m and spending of $2.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $2.6m (-34%), an average of -9.9% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Interconnection 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 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include American Indian Graduate Center Scholars ($2.6m), International School of Excellence Inc ($2.6m) and Commission on Independent Colleges & Universities ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $168k (6.3% of expenses). Other salaries and wages came to $940k. At year end it held assets of $354k against liabilities of $165k, net assets of $189k. It reported 31 employees.