H&gl Set Fund

Analysis

H&gl Set Fund is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in June 1973, 53 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, H&gl Set Fund reported income of $7.7m and spending of $6.0m, leaving 22% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $7.6m to $7.7m (+0.9%), an average of +0.2% a year. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, H&gl Set Fund sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include B Nai B Rith ($7.7m), Child Guidance Center Inc ($7.7m) and Sunday Breakfast Mission Inc ($7.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $510k (8.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $40.1m against liabilities of $403k, net assets of $39.7m. It reported 21 employees.