S โ€” Community Improvement & Capacity BuildingEIN: 510495250ยท Ruling Year: 2006

Hamden Economic Developmente Corporation

Hamden, Connecticut

CHealth Score
43C

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Below Average

๐Ÿ’ฐ
$2.5M
Total Revenue
๐Ÿ“Š
$3.0M
Total Expenses
๐Ÿฆ
$315K
Net Assets
๐Ÿ“‹
$1.9M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+48.3%
Year-over-year change (2022 โ†’ 2023)
Net Margin
-22.8%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.10
Net assets divided by total expenses
Liabilities-to-Assets
85.9%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$2,458,138โ†‘48%$3,018,646โ†‘71%$2,235,556โ†“27%
2022$1,657,660โ†‘888%$1,766,367โ†“75%$3,046,023โ†“10%
2021$167,824โ†“92%$7,078,777โ†‘1388%$3,370,551โ†“67%
2020$2,012,176โ†“56%$475,604โ†‘6%$10,155,667โ†‘1%
2019$4,523,808โ†‘412%$446,921โ†“8%$10,097,253โ†‘107%
2018$882,746โ†“55%$485,160โ†‘49%$4,877,559โ†‘23%
2017$1,977,246โ†“58%$324,985โ†“94%$3,955,617โ†‘675%
2016$4,746,257โ†“40%$5,083,617โ†“34%$510,428โ†“92%
2015$7,868,001โ†‘2751%$7,728,497โ†‘1126%$6,287,310โ†‘273%
2014$275,967โ†“89%$630,227โ†“69%$1,686,548โ†“37%
2013$2,422,571โ†“21%$2,019,245โ†‘22%$2,661,258โ†‘21%
2012$3,072,657โ†‘1206%$1,654,766โ†‘618%$2,191,513โ†‘32%
2011$235,287$230,467$1,663,045

Frequently Asked Questions

What does Hamden Economic Developmente Corporation do?โ–ผ

Hamden Economic Developmente Corporation is a community improvement & capacity building nonprofit organization based in Connecticut. It is classified under NTEE code S20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Hamden Economic Developmente Corporation financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Hamden Economic Developmente Corporation has a score of 43/100 (Grade: C). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Hamden Economic Developmente Corporation generate?โ–ผ

Hamden Economic Developmente Corporation reports $3.6M in annual revenue and holds $909K in total assets, based on IRS filings.

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Hamden Economic Developmente Corporation โ€” Hamden, CT | GiveScope