Hartford Promise Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2017 | 1,935,636 | 1,692,601 | 243,035 | 1.7 | 8% |
| 2018 | 931,926 | 332,503 | 599,423 | 36.9 | 70% |
| 2019 | 2,494,570 | 443,866 | 2,050,704 | 83.1 | 68% |
| 2020 | 905,148 | 639,357 | 265,791 | 62.6 | 50% |
| 2021 | 1,680,849 | 797,920 | 882,929 | 63.5 | 40% |
| 2022 | 2,678,512 | 1,555,470 | 1,123,042 | 41.2 | 22% |
| 2023 | 2,138,546 | 2,260,796 | −122,250 | 27.7 | 31% |
In its most recent public year (2023), this organization spent $122,250 more than it brought in. Its reserves stood at about 27.7 months of spending, up from 1.7 in 2017. Staff pay was 31% of spending. $3,108,355 of its net assets are donor-restricted.
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
Hartford Promise Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works