Hanson House Foundation Inc

Analysis

Hanson House Foundation Inc is a registered charity in United States, based in Palm Springs, CA. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Hanson House Foundation Inc reported income of $445k and spending of $453k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $273k to $445k (+63%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 136%. Over the whole period it spent 155% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hanson House Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Lanai Kinaole Inc ($445k), Southwest Louisiana Hospital Association Foundation Inc ($445k) and Not Impossible Foundation Inc ($444k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $71k (16% of expenses). At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 2 employees.

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.