Hoyt Foundation Inc

Analysis

Hoyt Foundation Inc is a registered charity in United States, based in Sturbridge, MA. It received its IRS tax-exemption ruling in March 1993, 33 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 September 2023, Hoyt Foundation Inc reported income of $357k and spending of $362k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $175k to $357k (+104%), an average of +20% a year. The sharpest change came in the year to September 2022, when income rose by 218%. Over the whole period it spent 132% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hoyt Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include American Outreach Foundation ($357k), Feed New Mexico Kids Inc ($357k) and Corpus Christi Police Foundation ($357k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $902k against liabilities of $10k, net assets of $892k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.