Hole in the Wall Gang Fund Inc

Analysis

Hole in the Wall Gang Fund Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in February 1987, 39 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 November 2023, Hole in the Wall Gang Fund Inc reported income of $14.6m and spending of $18.3m, spending 125% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $14.4m to $14.6m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to November 2023, when income dropped by 50%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hole in the Wall Gang Fund Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Appalachian Trail Conservancy ($14.6m), San Mateo County Expostion and Fair Association ($14.6m) and Dorothea Dix Park Conservancy ($14.5m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $1.1m (6.1% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $148.8m against liabilities of $1.4m, net assets of $147.4m. It reported 140 employees.