Hebron Fund Inc

Analysis

Hebron Fund Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1985, 41 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 December 2023, Hebron Fund Inc reported income of $4.2m and spending of $4.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $4.2m (+75%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hebron Fund Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Turn 2 Foundation Inc ($4.2m), Lapeer County Community Foundation ($4.2m) and North Texas Area United Way Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $120k (3.0% of expenses). At year end it held assets of $1.2m against liabilities of $255k, net assets of $934k. It reported 4 employees.