Cornwall Housing Corporation

Analysis

Cornwall Housing Corporation is a registered charity in United States, based in Cornwall, CT. It received its IRS tax-exemption ruling in January 1994, 32 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 June 2023, Cornwall Housing Corporation reported income of $286k and spending of $252k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $144k to $286k (+98%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 90%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cornwall Housing Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within CT. Charities of a similar size with the same main cause include Boy Scouts of America ($286k), Society of American Military Engineers ($286k) and Carpenter-Carse Library ($286k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Other salaries and wages came to $15k. At year end it held assets of $2.1m against liabilities of $82k, net assets of $2.0m.