Guilford a Better Chance Inc

Analysis

Guilford a Better Chance Inc is a registered charity in United States, based in Guilford, CT. It received its IRS tax-exemption ruling in December 1974, 52 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, Guilford a Better Chance Inc reported income of $583k and spending of $519k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $485k to $583k (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Guilford a Better Chance Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CT. Charities of a similar size with the same main cause include Orange Home Grown Foundation Inc ($583k), Barrio Station ($583k) and Federation of Families of Central Florida Inc ($583k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% of the total. Other salaries and wages came to $171k. At year end it held assets of $1.3m against liabilities of $9,434, net assets of $1.3m. It reported 12 employees.