Harriet Beecher Stowe Center Inc

Analysis

Harriet Beecher Stowe Center Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in January 1953, 73 years ago. 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 December 2023, Harriet Beecher Stowe Center Inc reported income of $1.3m and spending of $1.5m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $874k to $1.3m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harriet Beecher Stowe Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Catholic Charities of Sacramento Inc ($1.3m), Washington County Historical Association ($1.3m) and Young Mens Christian Association of Defiance County Ohio ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $152k (10% of expenses). Other salaries and wages came to $464k. At year end it held assets of $19.3m against liabilities of $359k, net assets of $18.9m. It reported 19 employees.