Chrysalis Center Inc

Analysis

Chrysalis Center Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in October 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 June 2023, Chrysalis Center Inc reported income of $12.9m and spending of $11.4m, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $12.7m to $12.9m (+1.7%), an average of +0.6% a year. The sharpest change came in the year to June 2021, when income dropped by 17%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chrysalis Center Inc sits at the 96th 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 Summitview Child & Family Services Inc ($12.9m), Community Health Action of Staten Island Inc ($12.9m) and Community Action Program Committee Inc ($12.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $567k (5.0% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $8.4m against liabilities of $2.8m, net assets of $5.7m. It reported 124 employees.