Area Congregations Together Inc

Analysis

Area Congregations Together Inc is a registered charity in United States, based in Shelton, CT. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Area Congregations Together Inc reported income of $985k and spending of $1.1m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $940k to $985k (+4.8%), an average of +1.2% a year. The sharpest change came in the year to September 2021, when income dropped by 18%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Area Congregations Together Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include Chateau Cushnoc Inc ($985k), Hawaii Homeownership Center ($986k) and McGraw Housing Company Inc ($984k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $114k (11% of expenses). Other salaries and wages came to $270k. At year end it held assets of $3.6m against liabilities of $232k, net assets of $3.3m. It reported 19 employees.

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.