Henry Hoffman Memorial Scholarship Fund

Analysis

Henry Hoffman Memorial Scholarship Fund is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Henry Hoffman Memorial Scholarship Fund reported income of $80k and spending of $71k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $98k to $80k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Henry Hoffman Memorial Scholarship Fund sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within IL. Charities of a similar size with the same main cause include Foundation for Bedford Central Schools a Not-For-Profit-Corporati ($80k), Rocky Point Lacrosse Booster Club Inc ($80k) and Colorado Congress of Foreign Language Teachers Inc ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $394k against liabilities of $2,500, net assets of $391k.