Hadassah Foundation Inc

Analysis

Hadassah Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1999, 27 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, Hadassah Foundation Inc reported income of $2.7m and spending of $1.4m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $487k to $2.7m (+459%), an average of +54% a year. The sharpest change came in the year to December 2020, when income rose by 193%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hadassah Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include United Way of Wisconsin Inc ($2.7m), Jordan Spieth Family Foundation ($2.7m) and Korean-American Community Foundation Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $289k. At year end it held assets of $17.6m against liabilities of $5,703, net assets of $17.6m.