H H Funding Corp Inc

Analysis

H H Funding Corp Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in May 1979, 47 years ago. 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, H H Funding Corp Inc reported income of $120k and spending of $59k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $120k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, H H Funding Corp Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Cougar Ridge Elementary P T S a ($120k), Port Jefferson Fire Dept Inc ($120k) and Volunteers of America Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $459k against liabilities of $0, net assets of $459k.