Association of Religious Communities Inc

Analysis

Association of Religious Communities Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in October 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Association of Religious Communities Inc reported income of $1.1m and spending of $1.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $556k to $1.1m (+93%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Association of Religious Communities Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include One Vision Charitable Foundation ($1.1m), Core Missions Incorporated ($1.1m) and Carsons Adult Foster Care Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $129k (13% of expenses). Other salaries and wages came to $313k. At year end it held assets of $338k against liabilities of $46k, net assets of $292k. It reported 15 employees.