Connecticut Baptist Homes Inc

Analysis

Connecticut Baptist Homes Inc is a registered charity in United States, based in Meriden, CT. It received its IRS tax-exemption ruling in May 1982, 44 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 September 2023, Connecticut Baptist Homes Inc reported income of $25.5m and spending of $22.9m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.8m to $25.5m (+278%), an average of +40% a year. The sharpest change came in the year to September 2021, when income rose by 147%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Connecticut Baptist Homes Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include Youth and Family Alternatives Inc ($25.5m), Family Design Resources Inc ($25.5m) and Coastal Community Action Program ($25.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $297k (1.3% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $42.7m against liabilities of $18.1m, net assets of $24.6m. It reported 432 employees.