Hartford Yard Goats Charitable Foundation Inc
Hartford Yard Goats Charitable Foundation shows fluctuating revenue and expenses, with no officer compensation reported.
EIN: 161638341 · Hartford, CT · NTEE: P99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $272K |
| Total Expenses | $208K |
| Program Spending | 70% |
| Net Assets | $6K |
| Transparency Score | 75/100 |
Is Hartford Yard Goats Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hartford Yard Goats Charitable Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hartford Yard Goats Charitable Foundation Inc
Hartford Yard Goats Charitable Foundation Inc (EIN: 161638341) is a nonprofit organization based in Hartford, CT, classified under NTEE code P99. The organization reported total revenue of $272K and total assets of $17K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hartford Yard Goats Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hartford Yard Goats Charitable Foundation Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $149K |
| Total Expenses | $208K |
| Surplus / Deficit | $-59,203 |
| Total Assets | $6K |
| Net Assets | $6K |
| Operating Margin | -39.7% |
| Months of Reserves | 0.4 months |
Financial Health Grade: C
In 2023, Hartford Yard Goats Charitable Foundation Inc reported a deficit of $59K with expenses exceeding revenue, holds 0.4 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Hartford Yard Goats Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.1% | +107.8% | -90.4% |
| 2022 | +17.4% | +120.2% | +18.4% |
| 2021 | +807.2% | +43.7% | +709.3% |
| 2020 | -85.8% | -58.3% | -75.7% |
| 2019 | +13.4% | -18.7% | -9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Hartford Yard Goats Charitable Foundation 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Hartford Yard Goats Charitable Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $59K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officer salaries are paid, which is highly commendable for an organization of its size and revenue.
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 Hartford Yard Goats Charitable Foundation Inc's IRS 990 filings:
- Inconsistent financial performance with several years of expenses exceeding revenue (e.g., 2023, 2020, 2019, 2018, 2016).
- Significant fluctuations in asset levels over time, indicating potential instability in reserves.
Strengths
The following positive indicators were identified for Hartford Yard Goats Charitable Foundation Inc:
- Consistent reporting of 0% officer compensation, demonstrating a strong commitment to mission-focused spending.
- Zero reported liabilities across all filings, indicating excellent debt management.
- Positive revenue growth in some periods, such as from $10,366 in 2020 to $149,195 in 2023.
Frequently Asked Questions about Hartford Yard Goats Charitable Foundation Inc
Is Hartford Yard Goats Charitable Foundation Inc a legitimate charity?
Hartford Yard Goats Charitable Foundation Inc (EIN: 161638341) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $272K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Hartford Yard Goats Charitable Foundation Inc spend its money?
Hartford Yard Goats Charitable Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Hartford Yard Goats Charitable Foundation Inc tax-deductible?
Hartford Yard Goats Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 161638341). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hartford Yard Goats Charitable Foundation Inc's spending goes to programs?
Hartford Yard Goats Charitable Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Hartford Yard Goats Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hartford Yard Goats Charitable Foundation Inc is above average for NTEE category P99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hartford Yard Goats Charitable Foundation Inc located?
Hartford Yard Goats Charitable Foundation Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 161638341. It is classified under NTEE code P99.
How many years of IRS 990 filings does Hartford Yard Goats Charitable Foundation Inc have?
Hartford Yard Goats Charitable Foundation 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 $272K in total revenue.
Is Hartford Yard Goats Charitable Foundation Inc. financially stable?
The foundation's financial stability appears inconsistent, with several periods (e.g., 2023, 2020, 2019, 2018, 2016) where expenses exceeded revenue, indicating operational deficits. However, other years like 2022, 2021, 2017, 2015, and 2014 show revenue exceeding expenses.
How does the organization manage its liabilities?
The organization consistently reports $0 in liabilities across all available filings, which is a strong indicator of sound financial management and a lack of debt.
What is the trend in the organization's assets?
Assets have fluctuated significantly, from a low of $3,553 in 2016 to a high of $65,485 in 2022, and currently stand at $17,279. This variability suggests that asset accumulation is not consistent.
How does the organization's revenue compare to its expenses?
Revenue has often been volatile compared to expenses. For example, in 2023, revenue was $149,195 while expenses were $208,398, resulting in a deficit. Conversely, in 2021, revenue was $94,037 against expenses of $45,548, showing a surplus.
Filing History
IRS 990 filing history for Hartford Yard Goats Charitable Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hartford Yard Goats Charitable Foundation Inc's revenue has grown by 199.6%, moving from $50K to $149K. Total assets decreased by 49% over the same period, from $12K to $6K. Total functional expenses rose by 348.4%, from $46K to $208K. In its most recent filing year (2023), Hartford Yard Goats Charitable Foundation Inc reported a deficit of $59K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $149K | $208K | $6K | $0 | — | View 990 |
| 2022 | $110K | $100K | $65K | $0 | — | View 990 |
| 2021 | $94K | $46K | $55K | $0 | — | View 990 |
| 2020 | $10K | $32K | $7K | $0 | — | — |
| 2019 | $73K | $76K | $28K | $0 | — | View 990 |
| 2018 | $64K | $94K | $31K | $0 | — | View 990 |
| 2017 | $122K | $66K | $60K | $0 | — | View 990 |
| 2016 | $2K | $13K | $4K | $0 | — | View 990 |
| 2015 | $40K | $36K | $15K | $0 | — | View 990 |
| 2014 | $24K | $18K | $10K | $0 | — | View 990 |
| 2013 | $27K | $24K | $4K | $0 | — | View 990 |
| 2012 | $14K | $25K | $2K | $0 | — | View 990 |
| 2011 | $50K | $46K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $149K, expenses of $208K, and assets of $6K (revenue +35.1% year-over-year).
- 2022: Revenue of $110K, expenses of $100K, and assets of $65K (revenue +17.4% year-over-year).
- 2021: Revenue of $94K, expenses of $46K, and assets of $55K (revenue +807.2% year-over-year).
- 2020: Revenue of $10K, expenses of $32K, and assets of $7K (revenue -85.8% year-over-year).
- 2019: Revenue of $73K, expenses of $76K, and assets of $28K (revenue +13.4% year-over-year).
- 2018: Revenue of $64K, expenses of $94K, and assets of $31K (revenue -47.3% year-over-year).
- 2017: Revenue of $122K, expenses of $66K, and assets of $60K (revenue +6138.9% year-over-year).
- 2016: Revenue of $2K, expenses of $13K, and assets of $4K (revenue -95.1% year-over-year).
- 2015: Revenue of $40K, expenses of $36K, and assets of $15K (revenue +65.3% year-over-year).
- 2014: Revenue of $24K, expenses of $18K, and assets of $10K (revenue -10.3% year-over-year).
- 2013: Revenue of $27K, expenses of $24K, and assets of $4K (revenue +91.7% year-over-year).
- 2012: Revenue of $14K, expenses of $25K, and assets of $2K (revenue -71.7% year-over-year).
- 2011: Revenue of $50K, expenses of $46K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hartford Yard Goats Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Hartford Yard Goats Charitable Foundation 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.