Hartford Neighborhood Centers

Analysis

Hartford Neighborhood Centers is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in April 1941, 85 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2022, Hartford Neighborhood Centers reported income of $535k and spending of $596k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $404k to $535k (+32%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hartford Neighborhood Centers sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CT. Charities of a similar size with the same main cause include The Homestead Community ($535k), Sunrise Special Services Foundation ($535k) and Casa of Mideast Missouri ($535k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $65k (11% of expenses). Other salaries and wages came to $250k. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m. It reported 4 employees.