Hasson Lifestreams Foundation

Analysis

Hasson Lifestreams Foundation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2019, Hasson Lifestreams Foundation reported income of $881k and spending of $1.6m, spending 185% of what it took in. Across the 2 years on record, from December 2018 to December 2019, income fell from $2.2m to $881k (-60%), an average of -60% a year. The sharpest change came in the year to December 2019, when income dropped by 60%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hasson Lifestreams Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Christian Friends of Korea Inc ($881k), Vera Lloyd Presbyterian Foundation Inc ($881k) and Benedictine Life Foundation of Wisconsin Inc ($881k).

On its Form 990 for the period ending December 2019, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $6,000 (0.4% of expenses). Other salaries and wages came to $88k. At year end it held assets of $4.0m against liabilities of $2,365, net assets of $4.0m. It reported 4 employees.