University of Hartford

Analysis

University of Hartford is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in June 1957, 69 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University of Hartford reported income of $269.3m and spending of $291.5m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $277.8m to $269.3m (-3.0%), an average of -0.8% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Hartford sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CT. Charities of a similar size with the same main cause include South University Member Inc ($266.7m), Skidmore College ($269.4m) and Denison University ($265.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $4.8m (1.6% of expenses). Other salaries and wages came to $74.6m. At year end it held assets of $426.3m against liabilities of $223.2m, net assets of $203.1m. It reported 3,047 employees.