Trout Brook Realty Advisors Inc

Analysis

Trout Brook Realty Advisors Inc is a registered charity in United States, based in West Hartford, 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, Trout Brook Realty Advisors Inc reported income of $5.9m and spending of $4.0m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $5.9m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Trout Brook Realty Advisors Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Dwelling Place of Grand Rapids Nonprofit Housing Corporation ($5.9m), Orange County Community Housing Corp ($5.9m) and Rebuilding Together-Saratoga County ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 38% of the total. Other salaries and wages came to $447k. At year end it held assets of $38.5m against liabilities of $28.0m, net assets of $10.5m.