Hanot Foundation Inc

Analysis

Hanot Foundation Inc is a registered charity in United States, based in Lodi, CA. 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, Hanot Foundation Inc reported income of $1.7m and spending of $1.9m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.7m (+24%), an average of +5.6% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hanot Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Dulles South Food Pantry ($1.7m), Families Flourish Inc ($1.7m) and First Friends Daycare Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $98k (5.1% of expenses). Other salaries and wages came to $938k. At year end it held assets of $738k against liabilities of $81k, net assets of $657k. It reported 36 employees.