Child Health and Development Institute of Connecticut Inc

Analysis

Child Health and Development Institute of Connecticut Inc is a registered charity in United States, based in Farmington, CT. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Child Health and Development Institute of Connecticut Inc reported income of $8.3m and spending of $7.8m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.3m to $8.3m (+31%), an average of +7.1% a year. The sharpest change came in the year to September 2021, when income rose by 223%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Child Health and Development Institute of Connecticut Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include National Institute for People with Disabilities of New Jersey ($8.3m), Journeys in Community Living Inc ($8.3m) and Suffolk Y Jewish Community Center Inc ($8.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $336k (4.3% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $14.0m against liabilities of $671k, net assets of $13.3m. It reported 41 employees.