Hartford Youth Scholars Foundation Inc

Analysis

Hartford Youth Scholars Foundation Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in May 2006, 20 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 December 2023, Hartford Youth Scholars Foundation Inc reported income of $1.4m and spending of $1.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $981k to $1.4m (+42%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hartford Youth Scholars Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Legacy Advancement ($1.4m), The Equity Institute ($1.4m) and Afton Christian School ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $184k (12% of expenses). Other salaries and wages came to $642k. At year end it held assets of $1.9m against liabilities of $41k, net assets of $1.8m. It reported 25 employees.