New Milford Congregate Housing Inc

Analysis

New Milford Congregate Housing Inc is a registered charity in United States, based in New Milford, CT. It received its IRS tax-exemption ruling in January 1980, 46 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, New Milford Congregate Housing Inc reported income of $556k and spending of $493k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $533k to $556k (+4.3%), an average of +1.1% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Milford Congregate Housing Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CT. Charities of a similar size with the same main cause include Wilderness Fellowship Inc ($556k), Public Assets Institute Inc ($556k) and East Palo Alto Senior Center Inc ($556k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.1m against liabilities of $767k, net assets of $312k.