Eastern Connecticut Housing Organization Inc

Analysis

Eastern Connecticut Housing Organization Inc is a registered charity in United States, based in Danielson, CT. It received its IRS tax-exemption ruling in November 1979, 47 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 December 2023, Eastern Connecticut Housing Organization Inc reported income of $794k and spending of $838k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $717k to $794k (+11%), an average of +2.6% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastern Connecticut Housing Organization Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CT. Charities of a similar size with the same main cause include Atascadero Loaves and Fishes ($794k), Hillel the Foundation for Jewish Campus Life ($794k) and Ancient Egypt Research Asssociates Inc ($794k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 92% of the total. Other salaries and wages came to $80k. At year end it held assets of $2.2m against liabilities of $1.5m, net assets of $727k. It reported 3 employees.