HSC Community Services Inc

Analysis

HSC Community Services Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 March 2024, HSC Community Services Inc reported income of $141k and spending of $136k, spending 96% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $186k to $141k (-24%), an average of -6.6% a year. The sharpest change came in the year to March 2022, when income rose by 66%. Over the whole period it spent 138% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, HSC Community Services Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within CT. Charities of a similar size with the same main cause include Fountain Hills Youth Substance Abuse Prevention Coalition Inc ($141k), Survive First ($142k) and Recovery Connections of Southeast Ohio ($141k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $3,919 (2.9% of expenses). Other salaries and wages came to $93k. At year end it held assets of $889k against liabilities of $110k, net assets of $780k.