The Farmington Community Chest Incorporated

Analysis

The Farmington Community Chest Incorporated is a registered charity in United States, based in Farmington, CT. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Farmington Community Chest Incorporated reported income of $145k and spending of $158k, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $135k to $145k (+7.3%), an average of +2.4% a year. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Farmington Community Chest Incorporated sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within CT. Charities of a similar size with the same main cause include Mustaches for Kids - Wilmington NC ($145k), Kenilworth United Fund Inc ($145k) and Lemon Bay Sunrise Rotary Foundation Inc ($145k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $439k against liabilities of $0, net assets of $439k.