The New London Community Meal Center Inc

Analysis

The New London Community Meal Center Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in July 1992, 34 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 June 2023, The New London Community Meal Center Inc reported income of $642k and spending of $534k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $236k to $642k (+172%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 76%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The New London Community Meal Center Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Lenoir Memorial Hospital Foundation Inc ($641k), York College Auxiliary Enterprises Corporation ($642k) and Habitat for Humanity International Inc ($641k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $261k. At year end it held assets of $802k against liabilities of $4,361, net assets of $797k. It reported 7 employees.