Daggett-Crandall-Newcomb Home Inc

Analysis

Daggett-Crandall-Newcomb Home Inc is a registered charity in United States, based in Norton, MA. It received its IRS tax-exemption ruling in September 1968, 58 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Daggett-Crandall-Newcomb Home Inc reported income of $2.1m and spending of $2.0m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.1m (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Daggett-Crandall-Newcomb Home 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 85th percentile within MA. Charities of a similar size with the same main cause include Rock River Hospice & Home ($2.1m), Martin Luther King Jr Family Outreach Center ($2.1m) and Alpha Grand Rapids ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $84k (4.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.2m against liabilities of $576k, net assets of $2.6m. It reported 38 employees.