Halo Foundation

Analysis

Halo Foundation is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Halo Foundation reported income of $196k and spending of $198k, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $154k to $196k (+28%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Halo Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include Sprye ($196k), Measure of Hearts Foundation ($196k) and Bellingham Seafeast ($196k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $159k against liabilities of $17k, net assets of $142k.