Charity Search / CONNECTICUT CENTER FOR ADVANCED TECHNOLOGY INC
Employment (J03) 990 on File

CONNECTICUT CENTER FOR ADVANCED TECHNOLOGY INC

EIN: 20-1051854 · EAST HARTFORD, CT 06108-3261 · United States · FY 2023 Data
3 out of 5 56 / 100 Based on 2+ years of filings
Financial strength (30%) 79/100
Reliability (20%) 55/100
Effectiveness (25%) 85/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Financial Overview — FY 2023
$18.3M
Total Revenue
$16.8M
Total Expenses
$6.1M
Net Assets
52
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 86.8%
Fundraising Efficiency N/A
Operating Reserve 4.37x
Liability-to-Asset 72.0%
Revenue Diversification 88.7%
Executive Compensation $735K
Compared with Peers
FY 2023
Compared with 340 similar organizations (United States, Employment, $10M–$100M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
86.8% 87.7%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
13.2% 11.5%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
4.4 mo 7.7 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
72.0% 34.2%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
88.7% 92.3%
P10P90
Above median
Revenue growth
Year over year revenue growth
82.8% 8.9%
P10P90
Expense growth
Year over year expense growth
60.5% 9.8%
P10P90
Surplus margin
Surplus as a share of revenue
8.1% 2.5%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $18.3M $16.8M $6.1M 86.8% 52
2022 $10.0M $10.5M $4.6M 81.5% 53
2021 $9.1M $9.6M N/A 43
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Organization Details
EIN
20-1051854
State
CT
City
EAST HARTFORD
ZIP
06108-3261
Classification
J03
Category
Employment
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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