Hartford Land Bank Inc

Analysis

Hartford Land Bank Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 June 2023, Hartford Land Bank Inc reported income of $1.9m and spending of $684k, leaving 64% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $207k to $1.9m (+821%), an average of +74% a year. The sharpest change came in the year to June 2021, when income rose by 361%. Over the whole period it spent 51% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Hartford Land Bank Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Washington Resource Conservation and Development Council ($1.9m), Harpswell Heritage Land Trust ($1.9m) and Sustainable Seattle ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 116% of the total. Compensation of current officers, directors and key employees was $124k (18% of expenses). Other salaries and wages came to $74k. At year end it held assets of $5.0m against liabilities of $3.3m, net assets of $1.6m. It reported 3 employees.