Hart Residences Inc

Analysis

Hart Residences Inc is a registered charity in United States, based in North Haven, CT. It received its IRS tax-exemption ruling in May 1980, 46 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Residences Inc reported income of $263k and spending of $200k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $274k to $263k (-3.8%), an average of -1.0% a year. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hart Residences Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CT. Charities of a similar size with the same main cause include Staunton United Methodist Housing Corporation ($263k), Afghan Elderly Association ($263k) and Columbian Retirement Home Inc ($263k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $511k against liabilities of $30k, net assets of $481k.