Ccarc Inc

Analysis

Ccarc Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in May 1979, 47 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, Ccarc Inc reported income of $14.5m and spending of $14.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.4m to $14.5m (+17%), an average of +4.0% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ccarc Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Lutheran Home of Jamaica Plain Inc ($14.5m), Eden Housing Management Inc ($14.6m) and Park View Care Center ($14.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $201k (1.4% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $11.7m against liabilities of $4.8m, net assets of $6.9m. It reported 352 employees.