Connecticut Polar Bears W H C Inc

Analysis

Connecticut Polar Bears W H C Inc is a registered charity in United States, based in Monroe, CT. It received its IRS tax-exemption ruling in December 1991, 35 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Connecticut Polar Bears W H C Inc reported income of $411k and spending of $417k, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $220k to $411k (+87%), an average of +17% a year. The sharpest change came in the year to August 2021, when income rose by 127%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connecticut Polar Bears W H C Inc sits at the 65th percentile: it is larger than about 65% 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 Amateur Athletic Union of the United States ($411k), Necanicum Watershed Council ($411k) and Charis Foundation Inc ($411k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $49k (12% of expenses). Other salaries and wages came to $28k. At year end it held assets of $564k against liabilities of $353k, net assets of $211k. It reported 14 employees.