Hartford Public Library

Analysis

Hartford Public Library is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in April 1935, 91 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hartford Public Library reported income of $16.9m and spending of $14.3m, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $11.9m to $16.9m (+42%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hartford Public Library sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Westside Inclusive School House Inc ($16.9m), Icivics Inc ($16.9m) and Frayser Community Schools ($16.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 0.4% of the total. At year end it held assets of $39.9m against liabilities of $0, net assets of $39.9m.