Hoffman Institute Supportingfoundation

Analysis

Hoffman Institute Supportingfoundation is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hoffman Institute Supportingfoundation reported income of $4.5m and spending of $1.1m, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.7m to $4.5m (-41%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 27891%. Over the whole period it spent 15% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hoffman Institute Supportingfoundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Myhealth Access Network Inc ($4.5m), Make-A-Wish Foundation of Minnesota ($4.5m) and Bristlecone Family Resources Center ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. It paid $14k in professional fundraising fees. At year end it held assets of $23.2m against liabilities of $6.0m, net assets of $17.2m.