Hale-Barnard Corporation

Analysis

Hale-Barnard Corporation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 1972, 54 years ago. 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, Hale-Barnard Corporation reported income of $4.5m and spending of $4.0m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $4.5m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hale-Barnard Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Bertie County Rural Health Association ($4.5m), Camp Yavneh ($4.5m) and American Cancer Society Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $256k (6.4% of expenses). Other salaries and wages came to $1.2m. It paid $3,431 in professional fundraising fees. At year end it held assets of $18.6m against liabilities of $521k, net assets of $18.1m. It reported 70 employees.