Hodag Schools Foundation Inc

Analysis

Hodag Schools Foundation Inc is a registered charity in United States, based in Rhinelander, WI. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Hodag Schools Foundation Inc reported income of $212k and spending of $418k, spending 197% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.8m to $212k (-89%), an average of -42% a year. The sharpest change came in the year to June 2024, when income rose by 962%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hodag Schools Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within WI. Charities of a similar size with the same main cause include Caregiving Network Inc ($212k), Chasdei Bentzion Inc ($212k) and Association for the Community Parent Center Inc ($212k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 111% of the total. At year end it held assets of $219k against liabilities of $136, net assets of $219k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.