Yhb Charitable Endowment Inc

Analysis

Yhb Charitable Endowment Inc is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in April 2010, 16 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, Yhb Charitable Endowment Inc reported income of $5.4m and spending of $2.1m, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $5.4m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 35% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Yhb Charitable Endowment Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Peoria Area Community Foundation ($5.4m), Bozeman Deaconess Foundation ($5.5m) and Michigan Association of United Ways Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $25.0m against liabilities of $0, net assets of $25.0m.