Hartford Healthcare Endowment LLC

Analysis

Hartford Healthcare Endowment LLC is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in November 2016, 10 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3).

In the financial year ending September 2023, Hartford Healthcare Endowment LLC reported income of $85.6m and spending of $14.9m, leaving 83% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $35.8m to $85.6m (+139%), an average of +24% a year. The sharpest change came in the year to September 2020, when income rose by 83%. Over the whole period it spent 10% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hartford Healthcare Endowment LLC sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Rainforest Alliance Inc ($85.5m), Chi St Vincent Medical Group Hot Springs ($86.0m) and Eau Claire Cooperative Health Center Inc ($85.3m).

At year end it held assets of $2.01bn against liabilities of $0, net assets of $2.01bn.