Jewish Community Foundation of Greater Hartford Inc

Analysis

Jewish Community Foundation of Greater Hartford Inc is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Jewish Community Foundation of Greater Hartford Inc reported income of $9.2m and spending of $7.2m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.6m to $9.2m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jewish Community Foundation of Greater Hartford 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 Chapters Health Foundation Inc ($9.2m), Gaston Community Foundation ($9.3m) and Central Florida Foundation Inc ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $465k (6.5% of expenses). Other salaries and wages came to $796k. At year end it held assets of $167.2m against liabilities of $30.8m, net assets of $136.3m. It reported 14 employees.