Pomfret Community Housing Corporation

Analysis

Pomfret Community Housing Corporation is a registered charity in United States, based in Tolland, CT. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Pomfret Community Housing Corporation reported income of $839k and spending of $987k, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $839k (-32%), an average of -12% a year. The sharpest change came in the year to June 2021, when income dropped by 42%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pomfret Community Housing Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CT. Charities of a similar size with the same main cause include Nueces County Housing Assistance Inc ($838k), San Antonio Alternative Housing Corporation No 20 ($839k) and Grady Housing Inc ($838k).

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. Other salaries and wages came to $200k. At year end it held assets of $2.9m against liabilities of $69k, net assets of $2.8m. It reported 12 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.