Norwalk Congregate Homes for the Elderly Inc

Analysis

Norwalk Congregate Homes for the Elderly Inc is a registered charity in United States, based in North Haven, CT. It received its IRS tax-exemption ruling in May 1980, 46 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 October 2023, Norwalk Congregate Homes for the Elderly Inc reported income of $1.5m and spending of $1.3m, spending 86% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.3m to $1.5m (+16%), an average of +3.8% a year. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Norwalk Congregate Homes for the Elderly Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Kulshan Community Land Trust ($1.5m), Resource Service Ministries Inc ($1.5m) and Habitat for Humanity International Inc ($1.5m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 7.5% and program service revenue 92% of the total. Other salaries and wages came to $257k. At year end it held assets of $2.5m against liabilities of $1.7m, net assets of $816k.