Greater Hartford Consortium for Higher Education

Analysis

Greater Hartford Consortium for Higher Education is a registered charity in United States, based in East Hartford, CT. It received its IRS tax-exemption ruling in May 1973, 53 years ago. 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 June 2023, Greater Hartford Consortium for Higher Education reported income of $326k and spending of $768k, spending 236% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $710k to $326k (-54%), an average of -18% a year. The sharpest change came in the year to June 2022, when income rose by 191%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Hartford Consortium for Higher Education sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within CT. Charities of a similar size with the same main cause include Leadership New Hampshire ($326k), Claremont Heritage Inc ($326k) and Woodside Parents Nursery School ($326k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $42k (5.5% of expenses). Other salaries and wages came to $344k. At year end it held assets of $261k against liabilities of $71k, net assets of $190k. It reported 12 employees.