H O P E Partners of Farmington

Analysis

H O P E Partners of Farmington is a registered charity in United States, based in Unionville, CT. It received its IRS tax-exemption ruling in May 1970, 56 years ago. Its declared purposes cover food, agriculture and nutrition, 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 June 2023, H O P E Partners of Farmington reported income of $238k and spending of $312k, spending 131% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $239k to $238k (-0.5%), an average of -0.2% a year. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, H O P E Partners of Farmington sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within CT. Charities of a similar size with the same main cause include Eden North Collins Food Pantry ($238k), Spencer Pride ($238k) and Lighthouse Associates Inc ($238k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $56k (18% of expenses). Other salaries and wages came to $71k. At year end it held assets of $134k against liabilities of $0, net assets of $134k. It reported 8 employees.