Meriden-Wallingford Chrysalis Inc

Analysis

Meriden-Wallingford Chrysalis Inc is a registered charity in United States, based in Meriden, CT. It received its IRS tax-exemption ruling in May 1978, 48 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, Meriden-Wallingford Chrysalis Inc reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.0m to $1.1m (+7.7%), an average of +2.5% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meriden-Wallingford Chrysalis 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 79th percentile within CT. Charities of a similar size with the same main cause include Summer Place Inc ($1.1m), Great North Pole ($1.1m) and Imagine Black Futures ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $90k (8.0% of expenses). Other salaries and wages came to $542k. At year end it held assets of $1.1m against liabilities of $202k, net assets of $900k. It reported 32 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.