Southbury Needy Fund Inc

Analysis

Southbury Needy Fund Inc is a registered charity in United States, based in Southbury, CT. It received its IRS tax-exemption ruling in August 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 December 2023, Southbury Needy Fund Inc reported income of $79k and spending of $72k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $79k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southbury Needy Fund Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within CT. Charities of a similar size with the same main cause include Southcentral Camp Cadet Incorporated ($79k), St Isidores Parochial School Foundation ($79k) and Italian Educational & Cultural Ctr ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.