Western Connecticut Home Care Inc

Analysis

Western Connecticut Home Care Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in June 1966, 60 years ago. 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 September 2023, Western Connecticut Home Care Inc reported income of $17.3m and spending of $19.9m, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $16.9m to $17.3m (+2.6%), an average of +0.6% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Western Connecticut Home Care Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Centers for Family Development Incorporated ($17.3m), Cottonwood Inc ($17.3m) and St Andrews Presbyterian College ($17.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $335k (1.7% of expenses). Other salaries and wages came to $13.0m. At year end it held assets of $7.3m against liabilities of $9.1m, net assets of -$1.8m. It reported 175 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.