The Hoff Foundation

Analysis

The Hoff Foundation is a registered charity in United States, based in Snohomish, WA. It received its IRS tax-exemption ruling in April 2004, 22 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 Hoff Foundation reported income of $302k and spending of $394k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $214k to $302k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Hoff Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include Global Garden Refugee Training Farm ($302k), Waterville Valley Adaptive Sports ($302k) and Rachel & Friends ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $45k (11% of expenses). At year end it held assets of $52k against liabilities of $0, net assets of $52k. It reported 8 employees.