Human Resources Agency of New Britain Inc

Analysis

Human Resources Agency of New Britain Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in November 1977, 49 years ago. Its declared purposes cover human services, 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, Human Resources Agency of New Britain Inc reported income of $23.4m and spending of $22.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.1m to $23.4m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Human Resources Agency of New Britain Inc 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 97th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include Hope Enterprises Inc ($23.4m), Community Service Programs of West Alabama Inc ($23.4m) and Share Our Selves Corporation ($23.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $353k (1.6% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $17.1m against liabilities of $9.4m, net assets of $7.7m. It reported 234 employees.