Danbury War Memorial Assoc Inc

Analysis

Danbury War Memorial Assoc Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in December 1955, 71 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Danbury War Memorial Assoc Inc reported income of $807k and spending of $716k, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $453k to $807k (+78%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Danbury War Memorial Assoc Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CT. Charities of a similar size with the same main cause include Northwest Arkansas Rape Crisis Inc ($807k), Indiana Chapter of the American Academy of Pediatrics Inc ($807k) and Womens Justice Now ($807k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $48k (6.7% of expenses). Other salaries and wages came to $167k. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m. It reported 25 employees.