Cil Community Resources Incorporated

Analysis

Cil Community Resources Incorporated is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Cil Community Resources Incorporated reported income of $1.7m and spending of $2.3m, spending 141% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $829k to $1.7m (+100%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 152% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cil Community Resources Incorporated sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include Asae Research Foundation ($1.7m), City of Laporte Urban Enterprise Zone Inc ($1.7m) and Hope & Main ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 102% of the total. At year end it held assets of $28.8m against liabilities of $31.0m, net assets of -$2.1m.

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.