Darien Community Association Inc

Analysis

Darien Community Association Inc is a registered charity in United States, based in Darien, CT. It received its IRS tax-exemption ruling in June 1967, 59 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 May 2023, Darien Community Association Inc reported income of $1.1m and spending of $1.0m, spending 94% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $895k to $1.1m (+24%), an average of +7.5% a year. The sharpest change came in the year to May 2022, when income rose by 52%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Darien Community Association Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include Greater St Cloud Development Corporation ($1.1m), Uptown Columbus Inc ($1.1m) and Southwest Brooklyn Industrial Development Corporation ($1.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 32% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $98k (9.4% of expenses). Other salaries and wages came to $213k. At year end it held assets of $2.6m against liabilities of $154k, net assets of $2.4m. It reported 8 employees.