Hanover Charities USA Inc

Analysis

Hanover Charities USA Inc is a registered charity in United States, based in St Helena Is, SC. It received its IRS tax-exemption ruling in September 2014, 12 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 October 2023, Hanover Charities USA Inc reported income of $814k and spending of $674k, spending 83% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $520k to $814k (+56%), an average of +12% a year. The sharpest change came in the year to October 2020, when income rose by 53%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hanover Charities USA Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within SC. Charities of a similar size with the same main cause include Roger Federer Charitable Fund Inc ($814k), Innovate Washington Foundation ($814k) and Oak Ridge Foundation ($813k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $164k against liabilities of $0, net assets of $164k.