Hartfordsgottalent Inc

Analysis

Hartfordsgottalent Inc is a registered charity in United States, based in East Hartford, CT. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Hartfordsgottalent Inc reported income of $266k and spending of $339k, spending 128% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $135k to $266k (+97%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 531%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hartfordsgottalent Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within CT. Charities of a similar size with the same main cause include Extreme Community Makeover ($265k), Sustainable Opportunity Development Center Inc ($266k) and North Central Kansas Housing Opportunities Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (21% of expenses). Other salaries and wages came to $8,940. At year end it held assets of $27k against liabilities of $0, net assets of $27k. It reported 2 employees.