Community Residence Inc

Analysis

Community Residence Inc is a registered charity in United States, based in Newington, CT. It received its IRS tax-exemption ruling in January 1992, 34 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, Community Residence Inc reported income of $50.9m and spending of $53.2m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $47.1m to $50.9m (+8.1%), an average of +2.0% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Residence Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Nonotuck Resource Associates ($50.8m), Adapt of the Hudson Valley Inc ($51.0m) and Berkshire County Arc Inc ($50.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $28.7m. At year end it held assets of $17.2m against liabilities of $29.7m, net assets of -$12.4m. It reported 1,391 employees.

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.