Child and Family Agency of Southeastern Connecticut Inc

Analysis

Child and Family Agency of Southeastern Connecticut Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Child and Family Agency of Southeastern Connecticut Inc reported income of $17.2m and spending of $20.0m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.3m to $17.2m (+20%), an average of +4.7% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Child and Family Agency of Southeastern Connecticut Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Sharing and Caring Hands Inc ($17.2m), Oklahoma Baptist Homes for Children Inc ($17.2m) and Mercer County Behavioral Health Commission Inc ($17.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $516k (2.6% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $11.7m against liabilities of $2.8m, net assets of $8.9m. It reported 268 employees.