The Diaper Bank of Connecticut Inc

Analysis

The Diaper Bank of Connecticut Inc is a registered charity in United States, based in North Haven, CT. It received its IRS tax-exemption ruling in September 2005, 21 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, The Diaper Bank of Connecticut Inc reported income of $2.4m and spending of $2.4m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $2.4m (+102%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Diaper Bank of Connecticut Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Ocean Reef Chapel Foundation Inc ($2.4m), Fusion Global Inc ($2.4m) and Arc of Iowa ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.6% of the total. Other salaries and wages came to $481k. At year end it held assets of $1.2m against liabilities of $233k, net assets of $997k. It reported 11 employees.