Hartford Youth Scholars Foundation Inc
Hartford Youth Scholars Foundation Inc shows consistent growth and strong program focus with no reported officer compensation.
EIN: 203495171 · Hartford, CT · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.8M |
| Transparency Score | 92/100 |
Is Hartford Youth Scholars 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 Youth Scholars Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hartford Youth Scholars Foundation Inc
Hartford Youth Scholars Foundation Inc (EIN: 203495171) is a nonprofit organization based in Hartford, CT, classified under NTEE code B82. The organization reported total revenue of $2.0M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hartford Youth Scholars Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hartford Youth Scholars Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-82,302 |
| Total Assets | $1.9M |
| Total Liabilities | $41K |
| Net Assets | $1.8M |
| Operating Margin | -5.9% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 15.1 months |
Financial Health Grade: B
In 2023, Hartford Youth Scholars Foundation Inc reported a deficit of $82K with expenses exceeding revenue, holds 15.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Hartford Youth Scholars Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.8% | +23.2% | +1.8% |
| 2022 | +10.9% | +28.3% | -5.5% |
| 2021 | +25.2% | +6.4% | +14.4% |
| 2020 | -5.8% | -5.6% | +16.1% |
| 2019 | -49.3% | -3.0% | +17.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Youth Scholars Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Hartford Youth Scholars Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $82K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is exceptional for an organization of this size with assets nearing $2 million. This indicates that leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, allowing a greater proportion of funds to be directed to the mission.
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 Youth Scholars Foundation Inc's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($1,480,213 vs $1,397,911), though this is not a consistent trend.
Strengths
The following positive indicators were identified for Hartford Youth Scholars Foundation Inc:
- Consistent revenue growth over the past decade, from $629,406 in 2014 to $1,397,911 in 2023.
- Significant asset growth, from $160,007 in 2014 to $1,860,159 in 2023, indicating strong financial management.
- 0% officer compensation reported across all filings, demonstrating exceptional efficiency and dedication to mission.
- Low liabilities relative to assets, indicating sound fiscal control.
- Consistent filing of IRS Form 990s over 14 periods, showing strong commitment to transparency.
Frequently Asked Questions about Hartford Youth Scholars Foundation Inc
Is Hartford Youth Scholars Foundation Inc a legitimate charity?
Hartford Youth Scholars Foundation Inc (EIN: 203495171) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.0M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Hartford Youth Scholars Foundation Inc spend its money?
Hartford Youth Scholars Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Hartford Youth Scholars Foundation Inc tax-deductible?
Hartford Youth Scholars Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203495171). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hartford Youth Scholars Foundation Inc CEO make?
Hartford Youth Scholars Foundation Inc's highest-compensated officer earns $2 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hartford Youth Scholars Foundation Inc's spending goes to programs?
Hartford Youth Scholars Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hartford Youth Scholars Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Hartford Youth Scholars Foundation Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hartford Youth Scholars Foundation Inc located?
Hartford Youth Scholars Foundation Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 203495171. It is classified under NTEE code B82.
How many years of IRS 990 filings does Hartford Youth Scholars Foundation Inc have?
Hartford Youth Scholars Foundation Inc has 14 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 $2.0M in total revenue.
Is Hartford Youth Scholars Foundation Inc a good charity?
Based on the financial data, Hartford Youth Scholars Foundation Inc appears to be a very good charity. It demonstrates strong financial health, consistent growth, and a remarkable commitment to directing funds to its mission, evidenced by 0% officer compensation and low liabilities.
How has the organization's financial health changed over time?
The organization has shown significant financial growth, with assets increasing from $147,319 in 2015 to $1,860,159 in 2023, and revenue generally trending upwards. This indicates a strong and improving financial health over the past decade.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting a highly efficient and mission-focused approach where executive salaries do not consume a portion of the budget.
Are there any concerns about the organization's liabilities?
No, liabilities are consistently low relative to assets. For example, in 2023, liabilities were $40,945 against assets of $1,860,159, indicating strong financial control and minimal debt burden.
How transparent is Hartford Youth Scholars Foundation Inc?
The organization demonstrates high transparency by consistently filing its IRS Form 990s over 14 periods, providing a comprehensive and accessible financial history for public review.
Filing History
IRS 990 filing history for Hartford Youth Scholars Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Hartford Youth Scholars Foundation Inc's revenue has grown by 300.6%, moving from $349K to $1.4M. Total assets increased by 1718.4% over the same period, from $102K to $1.9M. Total functional expenses rose by 145.9%, from $602K to $1.5M. In its most recent filing year (2023), Hartford Youth Scholars Foundation Inc reported a deficit of $82K, with expenses exceeding revenue. The organization holds $41K in liabilities against $1.9M in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.5M | $1.9M | $41K | — | — |
| 2022 | $1.3M | $1.2M | $1.8M | $80K | — | View 990 |
| 2021 | $1.2M | $936K | $1.9M | $21K | — | View 990 |
| 2020 | $925K | $880K | $1.7M | $128K | — | — |
| 2019 | $981K | $932K | $1.5M | $83K | — | View 990 |
| 2018 | $1.9M | $961K | $1.2M | $78K | — | View 990 |
| 2017 | $960K | $920K | $234K | $48K | — | View 990 |
| 2016 | $806K | $785K | $177K | $31K | — | View 990 |
| 2015 | $681K | $696K | $147K | $22K | — | View 990 |
| 2014 | $629K | $547K | $160K | $19K | — | View 990 |
| 2013 | $483K | $469K | $72K | $14K | — | View 990 |
| 2012 | $476K | $491K | $61K | $17K | — | View 990 |
| 2011 | $458K | $497K | $63K | $5K | — | View 990 |
| 2010 | $349K | $602K | $102K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.5M, and assets of $1.9M (revenue +8.8% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.2M, and assets of $1.8M (revenue +10.9% year-over-year).
- 2021: Revenue of $1.2M, expenses of $936K, and assets of $1.9M (revenue +25.2% year-over-year).
- 2020: Revenue of $925K, expenses of $880K, and assets of $1.7M (revenue -5.8% year-over-year).
- 2019: Revenue of $981K, expenses of $932K, and assets of $1.5M (revenue -49.3% year-over-year).
- 2018: Revenue of $1.9M, expenses of $961K, and assets of $1.2M (revenue +101.6% year-over-year).
- 2017: Revenue of $960K, expenses of $920K, and assets of $234K (revenue +19.1% year-over-year).
- 2016: Revenue of $806K, expenses of $785K, and assets of $177K (revenue +18.4% year-over-year).
- 2015: Revenue of $681K, expenses of $696K, and assets of $147K (revenue +8.2% year-over-year).
- 2014: Revenue of $629K, expenses of $547K, and assets of $160K (revenue +30.2% year-over-year).
- 2013: Revenue of $483K, expenses of $469K, and assets of $72K (revenue +1.5% year-over-year).
- 2012: Revenue of $476K, expenses of $491K, and assets of $61K (revenue +4.0% year-over-year).
- 2011: Revenue of $458K, expenses of $497K, and assets of $63K (revenue +31.2% year-over-year).
- 2010: Revenue of $349K, expenses of $602K, and assets of $102K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hartford Youth Scholars Foundation Inc:
Data Sources and Methodology
This transparency report for Hartford Youth Scholars 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.