Thames Valley Council for Community Action Inc

Analysis

Thames Valley Council for Community Action Inc is a registered charity in United States, based in Jewett City, CT. It received its IRS tax-exemption ruling in April 1965, 61 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Thames Valley Council for Community Action Inc reported income of $40.5m and spending of $40.9m, spending 101% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $27.4m to $40.5m (+48%), an average of +10% a year. The sharpest change came in the year to March 2022, when income rose by 42%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Thames Valley Council for Community Action Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include Adelante Development Center Inc ($40.0m), Cameron Works Inc ($40.6m) and Goodwill Industries of Southeastern Louisiana Inc ($39.7m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 94% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $486k (1.2% of expenses). Other salaries and wages came to $11.6m. At year end it held assets of $15.0m against liabilities of $10.0m, net assets of $5.0m. It reported 410 employees.