New Canaan Group Home Inc

Analysis

New Canaan Group Home Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in January 1999, 27 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 June 2023, New Canaan Group Home Inc reported income of $577k and spending of $616k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $525k to $577k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to June 2021, when income rose by 77%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Canaan Group Home Inc sits at the 67th percentile: it is larger than about 67% 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 Tower Educational Consulting Group Inc ($576k), Joshuas Place Inc ($577k) and Abide in the Vine Child Care Center ($576k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 16% of the total. Other salaries and wages came to $311k. At year end it held assets of $2.4m against liabilities of $642k, net assets of $1.8m.