East Norwalk Improvement Assoc Inc

Analysis

East Norwalk Improvement Assoc Inc is a registered charity in United States, based in East Norwalk, CT. It received its IRS tax-exemption ruling in July 1991, 35 years ago. 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 2024, East Norwalk Improvement Assoc Inc reported income of $209k and spending of $242k, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $233k to $209k (-11%), an average of -2.8% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Norwalk Improvement Assoc Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within CT. Charities of a similar size with the same main cause include Sioux Falls Arts Council ($209k), Eastern Shore of Va Historical Society ($209k) and Love Doesnt Hurt ($209k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 13% of the total. Other salaries and wages came to $127k. At year end it held assets of $28k against liabilities of $0, net assets of $28k. It reported 3 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.