Families Network of Western Connecticut Inc

Analysis

Families Network of Western Connecticut Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Families Network of Western Connecticut Inc reported income of $936k and spending of $956k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $266k to $936k (+252%), an average of +37% a year. The sharpest change came in the year to June 2022, when income rose by 314%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Families Network of Western Connecticut Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include Indiana County Child Day Care Program Inc ($936k), The Brownson House Inc ($936k) and Jacob Family Services Inc ($936k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $93k (9.7% of expenses). Other salaries and wages came to $489k. At year end it held assets of $594k against liabilities of $125k, net assets of $469k. It reported 28 employees.