Education
(B430)
IRS Verified
DX Registered
990 on File
UNIVERSITY OF HARTFORD
Financial strength (30%)
85/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The Hartt School is the performing arts conservatory of The University of Hartford, offering degree programs in music, dance and theatre. The 11th Annual Hartt Gala will help raise funds for The Hartt School Scholarships, tuition assistance and educational programming.
Financial Overview — FY 2023
$269.3M
Total Revenue
$291.5M
Total Expenses
$203.1M
Net Assets
3047
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
85.3%
Fundraising Efficiency
N/A
Operating Reserve
8.36x
Liability-to-Asset
52.4%
Revenue Diversification
90.0%
Executive Compensation
$4.8M
Compared with Peers
FY 2023
Compared with 607 similar organizations
(United States, Education, $100M and over in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
85.3% | 87.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
13.4% | 10.5% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.3% | 1.3% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
8.4 mo | 20.3 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
52.4% | 27.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
90.0% | 84.6% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-0.2% | -2.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
0.5% | 5.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-8.2% | 1.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $269.3M | $291.5M | $203.1M | 85.3% | 3047 |
| 2022 | $270.0M | $290.0M | $209.1M | 86.2% | 3001 |
| 2021 | $291.9M | $282.2M | N/A | — | 3202 |
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