Torrington Affordable Housing Inc

Analysis

Torrington Affordable Housing Inc is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in April 1988, 38 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 December 2023, Torrington Affordable Housing Inc reported income of $54k and spending of $50k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $35k to $54k (+55%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Torrington Affordable Housing Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within CT. Charities of a similar size with the same main cause include Catalina Housing Foundation Inc ($54k), Denison Community Investment Corp ($54k) and Oakview Association ($54k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $24k. At year end it held assets of $1.6m against liabilities of $1,955, net assets of $1.6m. It reported 1 employees.