Hunter Foundation Inc

Analysis

Hunter Foundation Inc is a registered charity in United States, based in Tannersville, NY. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Hunter Foundation Inc reported income of $977k and spending of $2.0m, spending 203% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.9m to $977k (-67%), an average of -24% a year. The sharpest change came in the year to September 2023, when income dropped by 49%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hunter Foundation Inc 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 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Enhancing and Strengthening North Dakota Nonprofits & Communities ($977k), New Alpha Community Development Corporation ($977k) and Northaven Charitable Givingfoundation ($976k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 41% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $35k (1.8% of expenses). Other salaries and wages came to $411k. At year end it held assets of $10.8m against liabilities of $9.8m, net assets of $1.0m. It reported 32 employees.