Ernest Hemingway Foundation

Analysis

Ernest Hemingway Foundation is a registered charity in United States, based in Boone, NC. It received its IRS tax-exemption ruling in January 1966, 60 years ago. 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, Ernest Hemingway Foundation reported income of $90k and spending of $75k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $95k to $90k (-5.0%), an average of -1.3% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ernest Hemingway Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within NC. Charities of a similar size with the same main cause include Englishtown Manalapan TWP First Aid Squad ($90k), Northfield City Hospital Auxiliary ($90k) and Cherry Creek School Distric Parent Teacher Community Council Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 22% of the total. At year end it held assets of $695k against liabilities of $0, net assets of $695k.