Continuum Supportive Housing of Wethersfield Inc

Analysis

Continuum Supportive Housing of Wethersfield Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Continuum Supportive Housing of Wethersfield Inc reported income of $83k and spending of $126k, spending 153% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $93k to $83k (-11%), an average of -2.8% a year. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Continuum Supportive Housing of Wethersfield Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within CT. Charities of a similar size with the same main cause include Independence Square Apartments II ($83k), A House for Me ($83k) and Community Apartments Corporation of Cumberland County ($83k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Other salaries and wages came to $10k. At year end it held assets of $396k against liabilities of $205k, net assets of $191k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.