Hearing Health Foundation

Analysis

Hearing Health Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1958, 68 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 September 2023, Hearing Health Foundation reported income of $3.6m and spending of $4.8m, spending 133% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.6m to $3.6m (+38%), an average of +8.5% a year. The sharpest change came in the year to September 2021, when income rose by 95%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hearing Health Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Oset Inc ($3.6m), Ccapp Education Institute ($3.6m) and Boston Accountable Care Organization Inc ($3.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $269k (5.5% of expenses). Other salaries and wages came to $854k. It paid $139k in professional fundraising fees. At year end it held assets of $12.2m against liabilities of $696k, net assets of $11.5m. It reported 8 employees.