Bennett Housing Corporation

Analysis

Bennett Housing Corporation is a registered charity in United States, based in Weatogue, CT. It received its IRS tax-exemption ruling in February 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bennett Housing Corporation reported income of $459k and spending of $558k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $454k to $459k (+1.1%), an average of +0.3% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bennett Housing Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include Life Experiences Inc ($459k), Laurel Lake Baptist Camp Inc ($459k) and Weymouth Youth Hockey Inc ($459k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 101% of the total. Other salaries and wages came to $52k. At year end it held assets of $1.3m against liabilities of $1.6m, net assets of -$303k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.