Greater Hartford Ridesharing Corporation

Analysis

Greater Hartford Ridesharing Corporation is a registered charity in United States, based in Bloomfield, CT. It received its IRS tax-exemption ruling in January 1983, 43 years ago. 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 2023, Greater Hartford Ridesharing Corporation reported income of $7.9m and spending of $7.2m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $7.9m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Hartford Ridesharing Corporation sits at the 94th percentile: it is larger than about 94% 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 United Disability Services Inc ($7.9m), Greater Houston Community Foundation ($7.9m) and Meeting Street Massachusetts Inc ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $504k (7.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $9.8m against liabilities of $3.4m, net assets of $6.4m. It reported 17 employees.