The Musical Club of Hartford Incorporated

Analysis

The Musical Club of Hartford Incorporated is a registered charity in United States, based in Bloomfield, CT. It received its IRS tax-exemption ruling in July 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2024, The Musical Club of Hartford Incorporated reported income of $80k and spending of $68k, spending 85% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $14k to $80k (+491%), an average of +56% a year. The sharpest change came in the year to March 2021, when income rose by 423%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Musical Club of Hartford Incorporated sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within CT. Charities of a similar size with the same main cause include Quantum Future Group ($80k), Sacred Ground International ($80k) and Washington Korean Womens Society Culture and Scholarship Fund Inc ($80k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 87% of the total. At year end it held assets of $643k against liabilities of $0, net assets of $643k.