Hartford Dispensary

Analysis

Hartford Dispensary is a registered charity in United States, based in Manchester, CT. It received its IRS tax-exemption ruling in April 1931, 95 years ago. 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, Hartford Dispensary reported income of $32.4m and spending of $28.4m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.3m to $32.4m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hartford Dispensary sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include Miami Cerebral Palsy Residential Services Inc ($32.3m), Servicios de Salud Primarios de ($32.4m) and Lutheran Social Services of Central Ohio Inc ($32.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 101% of the total. Compensation of current officers, directors and key employees was $734k (2.6% of expenses). Other salaries and wages came to $14.5m. At year end it held assets of $44.2m against liabilities of $6.6m, net assets of $37.6m. It reported 332 employees.