Community Health Network of Connecticut Holdings Inc

Analysis

Community Health Network of Connecticut Holdings Inc is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Health Network of Connecticut Holdings Inc reported income of $1.2m and spending of $3.1m, spending 246% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $510k to $1.2m (+144%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 507%. Over the whole period it spent 187% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Community Health Network of Connecticut Holdings Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Center for Psychosocial Development Inc ($1.2m), Albemarle Hospital Foundation ($1.2m) and Texas Health Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 44% of the total. Compensation of current officers, directors and key employees was $244k (8.0% of expenses). At year end it held assets of $4.1m against liabilities of $39k, net assets of $4.1m. It reported 1 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.