Hartford Artisans Weaving Center Inc

Analysis

Hartford Artisans Weaving Center Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Artisans Weaving Center Inc reported income of $320k and spending of $295k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $263k to $320k (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hartford Artisans Weaving Center Inc sits at the 57th percentile: it is larger than about 57% 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 San Rafael Goldenaires Senior Citizen Organization Inc ($320k), Helping Hand of Greater Little Rock ($320k) and Aubri Brown Club ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $73k (25% of expenses). Other salaries and wages came to $137k. At year end it held assets of $358k against liabilities of $11k, net assets of $347k. It reported 4 employees.