Community Chest of New Britain and Berlin Inc

Analysis

Community Chest of New Britain and Berlin Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in May 1943, 83 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, Community Chest of New Britain and Berlin Inc reported income of $306k and spending of $381k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $428k to $306k (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Chest of New Britain and Berlin Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include Transforming Wealth ($306k), Teton County Council on Aging ($306k) and Casper Family Connections ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $7.0m against liabilities of $141k, net assets of $6.9m.