First Night Hartford Inc
First Night Hartford: Community Impact with Financial Tightrope Walk
EIN: 222970922 · Hartford, CT · NTEE: A200 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $116K |
| Total Expenses | $98K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $2K |
| Transparency Score | 75/100 |
Is First Night Hartford Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
First Night Hartford Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About First Night Hartford Inc
First Night Hartford Inc (EIN: 222970922) is a nonprofit organization based in Hartford, CT, classified under NTEE code A200. The organization reported total revenue of $116K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Night Hartford Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First Night Hartford Inc is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $102K |
| Total Expenses | $98K |
| Surplus / Deficit | +$3K |
| Total Assets | $8K |
| Total Liabilities | $6K |
| Net Assets | $2K |
| Operating Margin | 3.3% |
| Debt-to-Asset Ratio | 72.9% |
| Months of Reserves | 1.0 months |
Financial Health Grade: B
In 2024, First Night Hartford Inc reported a surplus of $3K with revenue exceeding expenses, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 72.9% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), First Night Hartford Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -28.9% | -33.9% | -19.5% |
| 2023 | +17.9% | +10.9% | -51.1% |
| 2022 | -4.3% | +18.6% | +15.2% |
| 2021 | +30.8% | +37.2% | +146.5% |
| 2020 | +47.2% | +41.0% | +20.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates First Night Hartford Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, First Night Hartford Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 72.9%.
Executive Compensation Analysis
Executive compensation is not reported on the 990-EZ filings, indicating that no officer, director, trustee, or key employee received more than $100,000 in reportable compensation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of First Night Hartford Inc's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue in multiple recent years (e.g., 2023: $148,930 expenses vs. $143,017 revenue; 2022: $134,279 expenses vs. $121,343 revenue).
- Declining assets: Total assets have decreased from $20,192 in 2022 to $7,940 in 2024.
- Limited public financial detail: 990-EZ provides only summary data, making in-depth analysis of spending difficult.
Strengths
The following positive indicators were identified for First Night Hartford Inc:
- Long-standing community event: First Night Hartford has a history of providing a New Year's Eve celebration for the community.
- Low administrative overhead: Based on available data, administrative costs appear to be kept relatively low.
- Volunteer-driven model: The nature of the event suggests a significant reliance on volunteer support, maximizing program delivery.
Frequently Asked Questions about First Night Hartford Inc
Is First Night Hartford Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, First Night Hartford Inc (EIN: 222970922) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does First Night Hartford Inc spend its money?
First Night Hartford Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to First Night Hartford Inc tax-deductible?
First Night Hartford Inc is registered as a tax-exempt nonprofit (EIN: 222970922). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the First Night Hartford Inc CEO make?
First Night Hartford Inc's highest-compensated officer earns $100,000 annually. The organization reported $116K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of First Night Hartford Inc's spending goes to programs?
First Night Hartford Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does First Night Hartford Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), First Night Hartford Inc is above average for NTEE category A200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is First Night Hartford Inc located?
First Night Hartford Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 222970922. It is classified under NTEE code A200.
How many years of IRS 990 filings does First Night Hartford Inc have?
First Night Hartford Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $116K in total revenue.
What does First Night Hartford Inc do?
First Night Hartford Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Hartford, Connecticut. It is classified under NTEE code A200.
How much revenue does First Night Hartford Inc have?
First Night Hartford Inc reported total revenue of $115,524. Based on 13 IRS 990 filings on record.
What are First Night Hartford Inc's total assets?
First Night Hartford Inc holds total assets of $10,364 as reported in IRS 990 filings.
Where is First Night Hartford Inc located?
First Night Hartford Inc is based in Hartford, Connecticut.
What is First Night Hartford Inc's EIN?
First Night Hartford Inc's Employer Identification Number (EIN) is 222970922. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is First Night Hartford Inc?
First Night Hartford Inc is classified under NTEE code A200 (Arts, Culture & Humanities).
Is First Night Hartford Inc a registered 501(c)(3)?
Yes, First Night Hartford Inc is recognized as a tax-exempt organization by the IRS. EIN: 222970922.
Does First Night Hartford Inc file IRS Form 990?
Yes, First Night Hartford Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202402.
What was First Night Hartford Inc's revenue in 2024?
In the 202402 filing period, First Night Hartford Inc reported total revenue of $101,755, total expenses of $98,374, and net assets of $7,940.
Is First Night Hartford Inc's revenue growing or declining?
First Night Hartford Inc's revenue is declining. Revenue went from $143,017 (202302) to $101,755 (202402), a -28.9% change. Based on 13 filings on record.
What is First Night Hartford Inc's most recent 990 filing?
The most recent IRS Form 990 filing for First Night Hartford Inc covers tax period 202402. It shows revenue of $101,755, expenses of $98,374, total assets of $7,940, and liabilities of $5,792.
How much does First Night Hartford Inc spend on programs vs administration?
Based on IRS 990 analysis, First Night Hartford Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is First Night Hartford Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, First Night Hartford Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for First Night Hartford Inc?
The following concerns were identified: Consistent operating deficits: Expenses have exceeded revenue in multiple recent years (e.g., 2023: $148,930 expenses vs. $143,017 revenue; 2022: $134,279 expenses vs. $121,343 revenue).. Declining assets: Total assets have decreased from $20,192 in 2022 to $7,940 in 2024.. Limited public financial detail: 990-EZ provides only summary data, making in-depth analysis of spending difficult.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are First Night Hartford Inc's strengths?
Positive indicators for First Night Hartford Inc include: Long-standing community event: First Night Hartford has a history of providing a New Year's Eve celebration for the community.. Low administrative overhead: Based on available data, administrative costs appear to be kept relatively low.. Volunteer-driven model: The nature of the event suggests a significant reliance on volunteer support, maximizing program delivery.. These findings are derived from AI analysis of the organization's financial filings.
How does First Night Hartford Inc compensate executives?
Executive compensation is not reported on the 990-EZ filings, indicating that no officer, director, trustee, or key employee received more than $100,000 in reportable compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent operating deficits, what specific strategies are being implemented to achieve financial sustainability and rebuild reserves?
The provided data indicates a pattern of spending exceeding revenue, with a notable deficit of $5,913 in 2023 and $12,936 in 2022. Addressing this trend is crucial for the organization's long-term viability.
How does First Night Hartford measure and report the impact of its programs, beyond attendance figures, to demonstrate its value to the community and potential funders?
While the event itself is a clear community offering, detailed impact metrics beyond general participation are not evident in the available public filings, which could strengthen funding appeals.
Filing History
IRS 990 filing history for First Night Hartford Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), First Night Hartford Inc's revenue has declined by 23.2%, moving from $133K to $102K. Total assets decreased by 44.9% over the same period, from $14K to $8K. Total functional expenses fell by 28.2%, from $137K to $98K. In its most recent filing year (2024), First Night Hartford Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $6K in liabilities against $8K in assets (debt-to-asset ratio: 72.9%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $102K | $98K | $8K | $6K | — | View 990 |
| 2023 | $143K | $149K | $10K | $11K | — | View 990 |
| 2022 | $121K | $134K | $20K | $16K | — | View 990 |
| 2021 | $127K | $113K | $18K | $0 | — | View 990 |
| 2020 | $97K | $83K | $7K | $3K | — | View 990 |
| 2019 | $66K | $59K | $6K | $16K | — | View 990 |
| 2018 | $90K | $93K | $252 | $18K | — | View 990 |
| 2017 | $81K | $80K | $8K | $23K | — | View 990 |
| 2016 | $102K | $104K | $124 | $17K | — | View 990 |
| 2015 | $113K | $108K | $2K | $17K | — | View 990 |
| 2014 | $118K | $130K | $289 | $20K | — | View 990 |
| 2013 | $125K | $138K | $2K | $10K | — | View 990 |
| 2012 | $133K | $137K | $14K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $102K, expenses of $98K, and assets of $8K (revenue -28.9% year-over-year).
- 2023: Revenue of $143K, expenses of $149K, and assets of $10K (revenue +17.9% year-over-year).
- 2022: Revenue of $121K, expenses of $134K, and assets of $20K (revenue -4.3% year-over-year).
- 2021: Revenue of $127K, expenses of $113K, and assets of $18K (revenue +30.8% year-over-year).
- 2020: Revenue of $97K, expenses of $83K, and assets of $7K (revenue +47.2% year-over-year).
- 2019: Revenue of $66K, expenses of $59K, and assets of $6K (revenue -27.0% year-over-year).
- 2018: Revenue of $90K, expenses of $93K, and assets of $252 (revenue +11.2% year-over-year).
- 2017: Revenue of $81K, expenses of $80K, and assets of $8K (revenue -20.4% year-over-year).
- 2016: Revenue of $102K, expenses of $104K, and assets of $124 (revenue -9.6% year-over-year).
- 2015: Revenue of $113K, expenses of $108K, and assets of $2K (revenue -4.5% year-over-year).
- 2014: Revenue of $118K, expenses of $130K, and assets of $289 (revenue -5.9% year-over-year).
- 2013: Revenue of $125K, expenses of $138K, and assets of $2K (revenue -5.4% year-over-year).
- 2012: Revenue of $133K, expenses of $137K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First Night Hartford Inc:
Data Sources and Methodology
This transparency report for First Night Hartford Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.