Thames River Community Service Inc

Analysis

Thames River Community Service Inc is a registered charity in United States, based in Norwich, CT. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Thames River Community Service Inc reported income of $995k and spending of $1.1m, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $914k to $995k (+8.9%), an average of +2.9% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thames River Community Service Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include N O a S Ark Inc ($995k), Chinese Agape Foundation ($995k) and Hornell Childrens Home ($995k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $96k (8.9% of expenses). Other salaries and wages came to $467k. At year end it held assets of $1.3m against liabilities of $368k, net assets of $946k. It reported 28 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.