Crosby Commons Inc

Analysis

Crosby Commons Inc is a registered charity in United States, based in Shelton, CT. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Crosby Commons Inc reported income of $4.9m and spending of $4.1m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.4m to $4.9m (+11%), an average of +2.5% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Crosby Commons Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include Catawba Area Agency on Aging ($4.9m), Sevier County Developmental Center Inc ($4.9m) and Day by Day Warming Shelter Inc ($4.9m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $176k (4.3% of expenses). Other salaries and wages came to $961k. At year end it held assets of $9.8m against liabilities of $3.7m, net assets of $6.1m. It reported 45 employees.