Hanover Foundation for Excellence in Education Inc

Analysis

Hanover Foundation for Excellence in Education Inc is a registered charity in United States, based in Hanover, PA. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hanover Foundation for Excellence in Education Inc reported income of $72k and spending of $61k, spending 85% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $212k to $72k (-66%), an average of -42% a year. The sharpest change came in the year to December 2022, when income dropped by 63%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hanover Foundation for Excellence in Education Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within PA. Charities of a similar size with the same main cause include Rotary Club of Fair Oaks Ranch Foundation ($72k), Legend Springs Elementary PTO ($72k) and Nick England Memorial Fund ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $173k against liabilities of $0, net assets of $173k.