Prudence Crandall Center Inc

Analysis

Prudence Crandall Center Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in May 1979, 47 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 2024, Prudence Crandall Center Inc reported income of $4.2m and spending of $4.1m, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.3m to $4.2m (+27%), an average of +4.9% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prudence Crandall Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include Love Inc of the Tri-Cities ($4.2m), Scioto Residential Services Inc ($4.2m) and Frisco Family Services Center ($4.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $111k (2.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $11.9m against liabilities of $4.0m, net assets of $8.0m. It reported 53 employees.