Hartt Inc

Analysis

Hartt Inc is a registered charity in United States, based in Jasper, AL. It received its IRS tax-exemption ruling in June 2022, 4 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, Hartt Inc reported income of $654k and spending of $604k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $376k to $654k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hartt Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within AL. Charities of a similar size with the same main cause include Sandite Child Development Center Inc ($654k), Anekant Community Center ($654k) and United Way of Greenbrier Valley Inc ($654k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. Other salaries and wages came to $456k. At year end it held assets of $379k against liabilities of $10k, net assets of $369k.