Torrington Community Housing Corporation

Analysis

Torrington Community Housing Corporation is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in October 2001, 25 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 December 2023, Torrington Community Housing Corporation reported income of $275k and spending of $353k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $343k to $275k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Torrington Community Housing Corporation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CT. Charities of a similar size with the same main cause include Senior Veterans Housing Assoc Inc ($275k), Micah Housing Inc ($275k) and Love Regardless Inc ($275k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $2.6m against liabilities of $2.9m, net assets of -$316k.

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.