The Caring Community of Connecticut Inc

Analysis

The Caring Community of Connecticut Inc is a registered charity in United States, based in Colchester, CT. It received its IRS tax-exemption ruling in March 1986, 40 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 Caring Community of Connecticut Inc reported income of $20.7m and spending of $20.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.1m to $20.7m (+29%), an average of +6.6% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Caring Community of Connecticut Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include Agency on Aging Area 4 ($20.7m), Our Lady of Mercy Life Center ($20.7m) and California-Nev Elec JNT Apprenshp & TRNG TR Fund ($20.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $577k (2.8% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $10.3m against liabilities of $10.9m, net assets of -$642k. It reported 100 employees.