Denny Hamlin Foundation

Analysis

Denny Hamlin Foundation is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Denny Hamlin Foundation reported income of $292k and spending of $297k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $298k to $292k (-2.0%), an average of -0.5% a year. The sharpest change came in the year to December 2021, when income rose by 632%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Denny Hamlin Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Jamies Hope ($292k), Eecu Community Foundation ($293k) and The Exchange Club of East Dallas Foundation Inc ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 183% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.