The Hartford Area Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 101,633 | 132,518 | −30,885 | 77.8 | 0% |
| 2021 | 123,013 | 203,083 | −80,070 | 48.9 | 0% |
| 2022 | 261,332 | 112,545 | 148,787 | 96.6 | 0% |
| 2023 | 330,336 | 376,424 | −46,088 | 27.4 | 0% |
In its most recent public year (2023), this organization spent $46,088 more than it brought in. Its reserves stood at about 27.4 months of spending, down from 77.8 in 2020. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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