Greenwich Adult Day Care Inc

Analysis

Greenwich Adult Day Care Inc is a registered charity in United States, based in Cos Cob, CT. It received its IRS tax-exemption ruling in March 1983, 43 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 June 2023, Greenwich Adult Day Care Inc reported income of $1.8m and spending of $2.3m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $1.8m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greenwich Adult Day Care Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include Meals on Wheels West ($1.8m), We Can Corporation ($1.8m) and Peace at Home Advocacy Center ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $154k (6.8% of expenses). Other salaries and wages came to $710k. At year end it held assets of $3.4m against liabilities of $110k, net assets of $3.3m. It reported 26 employees.