Hartford Healthcare Independence at Home Inc

Analysis

Hartford Healthcare Independence at Home Inc is a registered charity in United States, based in Wethersfield, CT. It received its IRS tax-exemption ruling in August 1987, 39 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 September 2023, Hartford Healthcare Independence at Home Inc reported income of $15.0m and spending of $15.5m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $12.7m to $15.0m (+18%), an average of +4.2% a year. The sharpest change came in the year to September 2020, when income rose by 23%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hartford Healthcare Independence at Home 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 96th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Regulatory Affairs Professionals Society ($15.0m), FSL Home Improvements ($15.0m) and Standing Rock Community Grant School ($15.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $11.1m. At year end it held assets of $5.9m against liabilities of $773k, net assets of $5.2m. It reported 587 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.