Asylum Hill Neighborhood Association Inc

Analysis

Asylum Hill Neighborhood Association Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in October 2011, 15 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, Asylum Hill Neighborhood Association Inc reported income of $75k and spending of $69k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $58k to $75k (+29%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asylum Hill Neighborhood Association Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within CT. Charities of a similar size with the same main cause include Harborside Apartments Inc ($75k), New York City Service Organization Inc ($75k) and Camp Liberty Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.