Community Health and Wellness Center of Greater Torrington Inc

Analysis

Community Health and Wellness Center of Greater Torrington Inc is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Community Health and Wellness Center of Greater Torrington Inc reported income of $13.6m and spending of $10.1m, leaving 26% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.0m to $13.6m (+51%), an average of +11% a year. The sharpest change came in the year to September 2023, when income rose by 49%. Over the whole period it spent 92% 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 and Wellness Center of Greater Torrington Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Wasatch Homeless Health Care Inc ($13.6m), Visiting Nurse & Hospice of Fairfield County Inc ($13.6m) and McLeod Medical Center Foundation ($13.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $720k (7.1% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $11.5m against liabilities of $6.9m, net assets of $4.6m. It reported 117 employees.