Greater Hartford Arts Council Incorporated

Analysis

Greater Hartford Arts Council Incorporated is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in June 1971, 55 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 December 2023, Greater Hartford Arts Council Incorporated reported income of $3.2m and spending of $2.7m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.2m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Hartford Arts Council Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Tennessee Sheriffs Association Inc ($3.2m), Top Ladies of Distinction Inc ($3.2m) and St Anthony Catholic School ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $143k (5.2% of expenses). Other salaries and wages came to $413k. At year end it held assets of $3.9m against liabilities of $2.7m, net assets of $1.2m. It reported 9 employees.