Norwalk Housing Foundation Inc

Analysis

Norwalk Housing Foundation Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in March 2000, 26 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 March 2023, Norwalk Housing Foundation Inc reported income of $345k and spending of $324k, spending 94% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $227k to $345k (+52%), an average of +15% a year. The sharpest change came in the year to March 2021, when income rose by 74%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Norwalk Housing Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include National Charity League Inc ($345k), Manhattan Valley Development Corporation ($346k) and Rebuilding Together Metro Denver Inc ($345k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $1.1m against liabilities of $14k, net assets of $1.1m.