Caroline House Inc

Analysis

Caroline House Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in January 1963, 63 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending June 2024, Caroline House Inc reported income of $567k and spending of $555k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $584k to $567k (-2.8%), an average of -0.7% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caroline House Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CT. Charities of a similar size with the same main cause include Margies Smile Inc ($567k), Ohlone College Foundation ($568k) and National Church Residences of Central Pennsylvania ($567k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $266k. At year end it held assets of $670k against liabilities of $12k, net assets of $658k. It reported 8 employees.