Community Action Agency of New Haven Inc

Analysis

Community Action Agency of New Haven Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in August 1978, 48 years ago. 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 September 2023, Community Action Agency of New Haven Inc reported income of $14.2m and spending of $13.9m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.4m to $14.2m (+70%), an average of +14% a year. The sharpest change came in the year to September 2021, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Action Agency of New Haven Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Lad Lake Inc ($14.2m), Jewish Family Service of Atlantic County Inc ($14.2m) and West Virginia State University Research and Development Corp ($14.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $204k (1.5% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $895k against liabilities of $564k, net assets of $331k. It reported 80 employees.