HBSCC Charitable Fund

Analysis

HBSCC Charitable Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, HBSCC Charitable Fund reported income of $57k and spending of $46k, spending 82% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $2,231 to $57k (+2436%), an average of +2436% a year. The sharpest change came in the year to June 2023, when income rose by 2436%. Over the whole period it spent 130% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, HBSCC Charitable Fund sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within IL. Charities of a similar size with the same main cause include Bay Harbor Foundation ($57k), NCRS Foundation Inc ($57k) and Maor Hatorah Trust ($57k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $197k against liabilities of $0, net assets of $197k.