Community Foundation for Greater New Haven

Analysis

Community Foundation for Greater New Haven is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in August 1941, 85 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Community Foundation for Greater New Haven reported income of $55.3m and spending of $44.9m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $61.6m to $55.3m (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation for Greater New Haven sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Community Foundation for Greater Buffalo Inc ($55.0m), The Grateful Lives Foundation ($55.3m) and Jupiter Medical Center Foundation Inc ($54.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. Compensation of current officers, directors and key employees was $998k (2.2% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $712.0m against liabilities of $273.6m, net assets of $438.4m. It reported 49 employees.