Hartwood Foundation Inc

Analysis

Hartwood Foundation Inc is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in October 1974, 52 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 June 2023, Hartwood Foundation Inc reported income of $12.1m and spending of $12.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.2m to $12.1m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hartwood Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include SDSN Association Inc ($12.1m), Living Arrangements for the Developmentally Disabled Inc ($12.1m) and Life Steps Foundation Inc ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $175k (1.4% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $10.5m against liabilities of $2.5m, net assets of $8.0m. It reported 217 employees.