The Community Action Agency of Western Connecticut Inc

Analysis

The Community Action Agency of Western Connecticut Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in February 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Community Action Agency of Western Connecticut Inc reported income of $13.6m and spending of $13.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.8m to $13.6m (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Community Action Agency of Western Connecticut Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include The Bay Park Conservancy Inc ($13.6m), Community Action of South Eastern West Virginia ($13.6m) and Missouri Ozarks Community Action Inc ($13.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $349k (2.7% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $4.9m against liabilities of $2.6m, net assets of $2.2m. It reported 93 employees.