Whitney Center Inc

Analysis

Whitney Center Inc is a registered charity in United States, based in Hamden, CT. It received its IRS tax-exemption ruling in May 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Whitney Center Inc reported income of $36.3m and spending of $39.2m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $29.8m to $36.3m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Whitney Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include Childrens Home Society of Washington ($36.3m), Ingleside Presbyterian Retirement Community Inc ($36.4m) and Supportive Services Inc ($36.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $676k (1.7% of expenses). Other salaries and wages came to $14.1m. At year end it held assets of $122.7m against liabilities of $138.3m, net assets of -$15.6m. It reported 462 employees.