Hartford Food System Inc

Analysis

Hartford Food System Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in April 1980, 46 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 December 2023, Hartford Food System Inc reported income of $279k and spending of $446k, spending 160% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $574k to $279k (-51%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hartford Food System Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within CT. Charities of a similar size with the same main cause include Gods Storehouse ($279k), Gary Neighborhood Services Inc ($279k) and Helping Hands Foundation of Surry County Inc ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $88k (20% of expenses). Other salaries and wages came to $153k. At year end it held assets of $375k against liabilities of $136k, net assets of $239k. It reported 9 employees.