CW Resources Inc

Analysis

CW Resources Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in September 1965, 61 years ago. Its declared purposes cover employment, 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 June 2023, CW Resources Inc reported income of $114.8m and spending of $100.5m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $86.6m to $114.8m (+33%), an average of +7.3% a year. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, CW Resources Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Community Partners ($114.2m), American Association of State Highway & Transportation Officials ($115.8m) and Goodwill Industries of Southeastern Wisconsin Inc ($113.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.9m (1.9% of expenses). Other salaries and wages came to $48.8m. At year end it held assets of $102.0m against liabilities of $14.9m, net assets of $87.1m. It reported 2,644 employees.