New Canaan Neighborhoods Inc

Analysis

New Canaan Neighborhoods Inc is a registered charity in United States, based in Branford, CT. It received its IRS tax-exemption ruling in January 1969, 57 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2024, New Canaan Neighborhoods Inc reported income of $1.2m and spending of $2,110, leaving 100% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income fell from $1.4m to $1.2m (-11%), an average of -2.8% a year. The sharpest change came in the year to March 2024, when income rose by 121234%. Over the whole period it spent 34% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Canaan Neighborhoods Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Housing Support Inc ($1.2m), University Avenue Senior Housing Development Fund Corporation ($1.2m) and Rochester Housing Charities Inc ($1.2m).

At year end it held assets of $4.0m against liabilities of $38k, net assets of $3.9m.