Hot August Nights Foundation

Analysis

Hot August Nights Foundation is a registered charity in United States, based in Sparks, NV. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hot August Nights Foundation reported income of $313k and spending of $223k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $216k to $313k (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 214%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hot August Nights Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within NV. Charities of a similar size with the same main cause include Noel Jones Empowerment Village ($313k), Neosho County Community College Endowment Foundation ($313k) and Nighthawk Marching Band Booster Organization ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.