Carabetta Ctu Foundation Inc

Analysis

Carabetta Ctu Foundation Inc is a registered charity in United States, based in Meriden, CT. It received its IRS tax-exemption ruling in March 2014, 12 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, Carabetta Ctu Foundation Inc reported income of $388k and spending of $365k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $362k to $388k (+7.2%), an average of +1.8% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carabetta Ctu Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CT. Charities of a similar size with the same main cause include Family Housing Management Company Inc ($388k), Isladview Housing Development Fund Company Inc ($388k) and Five Seasons Senior Housing Inc ($388k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $42k. At year end it held assets of $1.4m against liabilities of $66k, net assets of $1.3m.