Horace Bushnell Congregate Homes Inc

Analysis

Horace Bushnell Congregate Homes Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in January 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Horace Bushnell Congregate Homes Inc reported income of $1.4m and spending of $1.7m, spending 123% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.3m to $1.4m (+9.3%), an average of +2.3% a year. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Horace Bushnell Congregate Homes Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Calhoun County Committee on Aging Inc ($1.4m), Pueblo Y Salud Inc ($1.4m) and Pre-Trial Services Corporation of the Monroe County Bar Association ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $3.4m against liabilities of $2.2m, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.