Dart Gardens Mutual Housing Association Inc

Analysis

Dart Gardens Mutual Housing Association Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Dart Gardens Mutual Housing Association Inc reported income of $600k and spending of $711k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $515k to $600k (+17%), an average of +3.9% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dart Gardens Mutual Housing Association Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Pine Grove Housing Development Corporation ($600k), Greenville Elderly Housing Inc ($600k) and Pentecostal Holiness Church Housing Corporation ($600k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $1.7m against liabilities of $76k, net assets of $1.6m.

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.