Northeastern Connecticut Community Development Corp Inc

Analysis

Northeastern Connecticut Community Development Corp Inc is a registered charity in United States, based in Plainfield, CT. It received its IRS tax-exemption ruling in January 1974, 52 years ago. 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 December 2023, Northeastern Connecticut Community Development Corp Inc reported income of $416k and spending of $393k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $892k to $416k (-53%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeastern Connecticut Community Development Corp Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within CT. Charities of a similar size with the same main cause include Madrid Educational Endowment Foundation ($416k), Montana United Indian Association ($416k) and Maccabee Foundation Inc ($416k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $66k. At year end it held assets of $2.5m against liabilities of $738k, net assets of $1.7m.