Sterling House Community Center Inc

Analysis

Sterling House Community Center Inc is a registered charity in United States, based in Stratford, CT. It received its IRS tax-exemption ruling in March 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sterling House Community Center Inc reported income of $2.2m and spending of $2.2m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.2m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sterling House Community Center 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 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Jeep Beach Inc ($2.2m), Arc of Clarion County Inc ($2.2m) and Child Day Care Association ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $149k (6.6% of expenses). Other salaries and wages came to $984k. At year end it held assets of $6.4m against liabilities of $349k, net assets of $6.0m. It reported 52 employees.