Norfolk Community Association Inc

Analysis

Norfolk Community Association Inc is a registered charity in United States, based in Norfolk, CT. It received its IRS tax-exemption ruling in March 1984, 42 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Norfolk Community Association Inc reported income of $52k and spending of $41k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $61k to $52k (-14%), an average of -14% a year. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Norfolk Community Association Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within CT. Charities of a similar size with the same main cause include Dover Main Street Inc ($52k), M I Part-Nors Financial Services ($52k) and Meigs Youth Center ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k.