Hugo Dixon Foundation

Analysis

Hugo Dixon Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in November 1959, 67 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hugo Dixon Foundation reported income of $824k and spending of $1.4m, spending 175% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $824k (-65%), an average of -23% a year. The sharpest change came in the year to December 2023, when income rose by 997%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hugo Dixon Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include The Ramey-Estep Homes Foundation Inc ($824k), Miami River Fund Inc ($824k) and Fredrikson & Byron Foundation ($824k).

Compensation of current officers, directors and key employees was $19k (1.3% of expenses). At year end it held assets of $17.8m against liabilities of $0, net assets of $17.8m.

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.