Cardinal Shehan Center Inc

Analysis

Cardinal Shehan Center Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Cardinal Shehan Center Inc reported income of $2.3m and spending of $1.8m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.3m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cardinal Shehan Center Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include The Arc Pikes Peak Region ($2.3m), Pih Health Management Corp ($2.3m) and Delta Area Transit Authority ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $181k (10% of expenses). Other salaries and wages came to $726k. At year end it held assets of $9.3m against liabilities of $365k, net assets of $8.9m. It reported 87 employees.