Waterbury First Church Housing Inc

Analysis

Waterbury First Church Housing Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in July 1973, 53 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Waterbury First Church Housing Inc reported income of $1.2m and spending of $1.2m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+12%), an average of +3.0% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Waterbury First Church Housing Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include Villa Madonna Inc ($1.2m), Interfaith Housing Corporation ($1.2m) and Middlesex North Resource Center Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. Other salaries and wages came to $197k. At year end it held assets of $2.5m against liabilities of $414k, net assets of $2.0m.