The Hanger Charitable Foundation

Analysis

The Hanger Charitable Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Hanger Charitable Foundation reported income of $602k and spending of $706k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $278k to $602k (+116%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 347%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Hanger Charitable Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Community Volunteer Network ($602k), Families of Fana-Wny Inc ($602k) and Advantage Adoptions - Ococ ($602k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $160k (23% of expenses). At year end it held assets of $1.3m against liabilities of $208k, net assets of $1.1m.