Hartford Stage Company

Analysis

Hartford Stage Company is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in March 1964, 62 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hartford Stage Company reported income of $8.1m and spending of $9.0m, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.4m to $8.1m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hartford Stage Company sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Louisiana Philharmonic Orchestra ($8.1m), Far Ai Inc ($8.1m) and Footlight Players Inc ($8.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $600k (6.6% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $24.5m against liabilities of $5.2m, net assets of $19.2m. It reported 239 employees.