Western Connecticut Coalition Inc

Analysis

Western Connecticut Coalition Inc is a registered charity in United States, based in Watertown, CT. It received its IRS tax-exemption ruling in November 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Western Connecticut Coalition Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $812k to $1.2m (+47%), an average of +8.1% a year. The sharpest change came in the year to June 2024, when income rose by 38%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Western Connecticut Coalition Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include Newburgh Community Land Bank Inc ($1.2m), Sent Inc ($1.2m) and Refuge Coffee Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $115k (9.6% of expenses). Other salaries and wages came to $364k. At year end it held assets of $721k against liabilities of $430k, net assets of $291k. It reported 4 employees.