Companions & Homemakers by Nancy & Hazel Inc

Analysis

Companions & Homemakers by Nancy & Hazel Inc is a registered charity in United States, based in Willimantic, CT. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Companions & Homemakers by Nancy & Hazel Inc reported income of $997k and spending of $1.2m, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.4m to $997k (-29%), an average of -8.3% a year. The sharpest change came in the year to September 2022, when income dropped by 22%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Companions & Homemakers by Nancy & Hazel Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include Harvest Christian Ministries Inc ($997k), Deep Roots Inc ($997k) and Mission Dental South Carolina Inc ($997k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% and program service revenue 37% of the total. Other salaries and wages came to $933k. At year end it held assets of $704k against liabilities of $128k, net assets of $576k. It reported 98 employees.