HRH Management Corporation

Analysis

HRH Management Corporation is a registered charity in United States, based in Meadowbrook, PA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, HRH Management Corporation reported income of $8.5m and spending of $15.5m, spending 181% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $8.5m (+123%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 115%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, HRH Management Corporation sits at the 95th 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 93rd percentile within PA. Charities of a similar size with the same main cause include St Vincents Day Home ($8.5m), Bok Tower Gardens Inc ($8.5m) and Horizon House of Illinois Valley Inc ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 46% of the total. At year end it held assets of $15.2m against liabilities of $2.1m, net assets of $13.1m.