Urban League of Greater Hartford Inc

Analysis

Urban League of Greater Hartford Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in March 1965, 61 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 June 2023, Urban League of Greater Hartford Inc reported income of $1.8m and spending of $1.9m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.8m (+54%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Urban League of Greater Hartford Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Weirton Health Care Inc ($1.8m), Habitat for Humanity International Inc ($1.8m) and Tri County Opportunities Industrialization Center Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 8.1% of the total. Other salaries and wages came to $901k. At year end it held assets of $3.6m against liabilities of $1.3m, net assets of $2.3m. It reported 31 employees.