Hart United Inc

Analysis

Hart United Inc is a registered charity in United States, based in North Haven, CT. It received its IRS tax-exemption ruling in April 1980, 46 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Hart United Inc reported income of $9.8m and spending of $9.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $9.8m (+27%), an average of +6.2% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hart United Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include For All Seasons Inc ($9.8m), Ascension Living Via Christi Village Hays ($9.8m) and Holy Angels Services Inc ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $282k (2.8% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $5.4m against liabilities of $3.6m, net assets of $1.8m. It reported 236 employees.