Hartford Art School Inc

Analysis

Hartford Art School Inc is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in November 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hartford Art School Inc reported income of $2.0m and spending of $881k, leaving 57% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.0m (+91%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 172%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hartford Art School Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Sycamore School ($2.0m), Compass Points International Incorporated ($2.0m) and Torah Academy for Girls Shaarei Bina Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $20.6m against liabilities of $8,875, net assets of $20.6m.