Hockanum Valley Community Council Inc

Analysis

Hockanum Valley Community Council Inc is a registered charity in United States, based in Vernon, CT. It received its IRS tax-exemption ruling in July 1972, 54 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 June 2024, Hockanum Valley Community Council Inc reported income of $3.4m and spending of $3.6m, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.3m to $3.4m (+3.9%), an average of +0.9% a year. The sharpest change came in the year to June 2023, when income rose by 16%. 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, Hockanum Valley Community Council Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Community Programs and Services ($3.4m), McKinleyville Community Collaborative ($3.4m) and Interfaith Housing & Community Services Inc ($3.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 33% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $876k against liabilities of $470k, net assets of $406k. It reported 52 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.