Hartford Area Development Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 125,292 | 97,752 | 27,540 | 6.1 | — |
| 2012 | 124,363 | 127,059 | −2,696 | 4.4 | — |
| 2013 | 80,919 | 76,124 | 4,795 | 8.2 | — |
| 2014 | 35,171 | 26,910 | 8,261 | 26.8 | — |
| 2015 | 32,929 | 20,534 | 12,395 | 42.4 | — |
| 2016 | 11,586 | 18,071 | −6,485 | 43.8 | — |
| 2019 | 62,976 | 78,720 | −15,744 | 4.8 | — |
| 2020 | 463,226 | 241,380 | 221,846 | 12.6 | 1% |
| 2021 | 403,092 | 74,449 | 328,643 | 93.8 | 6% |
| 2022 | 2,132,975 | 96,221 | 2,036,754 | 326.6 | 0% |
| 2023 | 749,982 | 245,110 | 504,872 | 152.9 | 2% |
In its most recent public year (2023), this organization brought in $504,872 more than it spent. Its reserves stood at about 152.9 months of spending, up from 6.1 in 2011. Staff pay was 2% 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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