Social Enterprises Trust Inc

Analysis

Social Enterprises Trust Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Social Enterprises Trust Inc reported income of $1.2m and spending of $928k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $441k to $1.2m (+176%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Social Enterprises Trust Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Iranian Jewish Federation ($1.2m), Inspiring Pathways Inc ($1.2m) and Madera Rescue Mission Incorporated ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $89k (9.6% of expenses). Other salaries and wages came to $284k. At year end it held assets of $686k against liabilities of $244k, net assets of $442k. It reported 7 employees.