Staying Put in New Canaan Inc

Analysis

Staying Put in New Canaan Inc is a registered charity in United States, based in New Canaan, CT. It received its IRS tax-exemption ruling in October 2007, 19 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 2023, Staying Put in New Canaan Inc reported income of $407k and spending of $382k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $309k to $407k (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Staying Put in New Canaan Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include King Outreach Ministry Inc ($407k), New Sharon Community Child Care Center Inc ($407k) and Yazoiry Inc ($407k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.3% of the total. Other salaries and wages came to $239k. At year end it held assets of $1.3m against liabilities of $10k, net assets of $1.3m.