Employment
(J03)
990 on File
CONNECTICUT CENTER FOR ADVANCED TECHNOLOGY INC
Financial strength (30%)
79/100
Reliability (20%)
55/100
Effectiveness (25%)
85/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
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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