Hope for Henry Foundation

Analysis

Hope for Henry Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover medical research, 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 December 2023, Hope for Henry Foundation reported income of $1.7m and spending of $2.2m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.7m (+0.3%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope for Henry Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 63rd percentile within DC. Charities of a similar size with the same main cause include Allendale County Rescue Squad Inc ($1.7m), Cancer Support Community - Central Indiana Inc ($1.7m) and Border Area Mental Health Services ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 129% of the total. Compensation of current officers, directors and key employees was $415k (19% of expenses). Other salaries and wages came to $527k. At year end it held assets of $1.6m against liabilities of $262k, net assets of $1.3m. It reported 10 employees.