The Northwest Connecticut Community Foundation Trust

Analysis

The Northwest Connecticut Community Foundation Trust is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in February 1970, 56 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, The Northwest Connecticut Community Foundation Trust reported income of $392k and spending of $472k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $392k (-62%), an average of -22% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Northwest Connecticut Community Foundation Trust sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include The Emma Alyson & Kate Hance Family Foundation Inc ($392k), Mifal Chesed Foundation Inc ($392k) and Help Our World One on One ($391k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $5.7m against liabilities of $88k, net assets of $5.6m. It reported 14 employees.