Church Homes Inc Congregational

Analysis

Church Homes Inc Congregational is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in July 1960, 66 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 September 2023, Church Homes Inc Congregational reported income of $45.3m and spending of $45.0m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $44.3m to $45.3m (+2.4%), an average of +0.6% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Church Homes Inc Congregational sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include Quantum Leap Health Carecollaborative ($45.1m), Fallon Health Weinberg Inc ($45.4m) and Foundation for the Elderly ($45.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $814k (1.8% of expenses). Other salaries and wages came to $20.0m. At year end it held assets of $61.9m against liabilities of $12.8m, net assets of $49.1m. It reported 475 employees.