Bristol Adult Resource Center Inc

Analysis

Bristol Adult Resource Center Inc is a registered charity in United States, based in Bristol, CT. It received its IRS tax-exemption ruling in May 1964, 62 years ago. 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, Bristol Adult Resource Center Inc reported income of $10.2m and spending of $10.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.5m to $10.2m (+35%), an average of +7.7% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bristol Adult Resource Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include Cayuga-Seneca Community Action Agency Inc ($10.2m), Don Bosco Technical Institute ($10.2m) and Christian Heritage School Inc ($10.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $219k (2.2% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $4.9m against liabilities of $3.5m, net assets of $1.4m. It reported 286 employees.