1st Lieutenant Derek Hines Soldiersassistance Fund Inc

Analysis

1st Lieutenant Derek Hines Soldiersassistance Fund Inc is a registered charity in United States, based in West Newbury, MA. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, 1st Lieutenant Derek Hines Soldiersassistance Fund Inc reported income of $164k and spending of $158k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $98k to $164k (+67%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, 1st Lieutenant Derek Hines Soldiersassistance Fund Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Naaa Warren Young Sr Scholastic Foundation Inc ($164k), Second Blessings Thrift Shop Inc ($164k) and Pelican Sound Charitable Foundation Inc ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% of the total. It paid $61k in professional fundraising fees. At year end it held assets of $274k against liabilities of $0, net assets of $274k.