Hellenic Community Foundation

Analysis

Hellenic Community Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in May 2009, 17 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, Hellenic Community Foundation reported income of $115k and spending of $7,315, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $922k to $115k (-88%), an average of -41% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 2.7% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hellenic Community Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within UT. Charities of a similar size with the same main cause include American Friends of Midreshet Berot Bat Ayin Inc ($115k), Firefighters Helping Firefighters Inc ($115k) and Marshfield Education Foundation ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% of the total. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m.