YWCA Hartford Region Inc

Analysis

YWCA Hartford Region Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in April 1969, 57 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 December 2023, YWCA Hartford Region Inc reported income of $9.3m and spending of $9.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.9m to $9.3m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2020, when income rose by 157%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, YWCA Hartford Region Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include Universidad Central de Bayamon Inc ($9.3m), New Glarus Home Inc ($9.3m) and Mdi Government Service Inc ($9.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $943k (10% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $37.2m against liabilities of $2.8m, net assets of $34.4m. It reported 185 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.