Greater Hartford Gives Foundation

Analysis

Greater Hartford Gives Foundation is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in March 1942, 84 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Greater Hartford Gives Foundation reported income of $67.4m and spending of $66.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $86.7m to $67.4m (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Hartford Gives Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Fund for the City of New York Inc ($67.3m), San Antonio Area Foundation ($67.8m) and Nebraska Community Foundation ($66.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. Compensation of current officers, directors and key employees was $1.2m (1.8% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $1.14bn against liabilities of $28.3m, net assets of $1.11bn. It reported 68 employees.