Hartford Next Inc

Analysis

Hartford Next Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Hartford Next Inc reported income of $182k and spending of $116k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $103k to $182k (+77%), an average of +77% a year. The sharpest change came in the year to December 2023, when income rose by 77%. Over the whole period it spent 58% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hartford Next Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within CT. Charities of a similar size with the same main cause include Albia Industrial Development Corporation ($182k), Neighborhood Association of the Back Bay Inc ($182k) and Tie-Boston Foundation Inc ($182k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $174k against liabilities of $0, net assets of $174k.