Holy Family Home and Shelter Inc

Analysis

Holy Family Home and Shelter Inc is a registered charity in United States, based in Willimantic, CT. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending June 2021, Holy Family Home and Shelter Inc reported income of $764k and spending of $768k, spending 100% of its income. Across the 2 years on record, from June 2020 to June 2021, income grew from $581k to $764k (+31%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Holy Family Home and Shelter Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Ahepa 232 Inc ($764k), Rochester Monroe County Homeless Continuum of Care Inc ($765k) and THC Affordable Housing Inc ($764k).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $46k (6.0% of expenses). Other salaries and wages came to $256k. At year end it held assets of $338k against liabilities of $275k, net assets of $63k. It reported 14 employees.