HMH Foundation

Analysis

HMH Foundation is a registered charity in United States, based in Cuyahoga FLS, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, HMH Foundation reported income of $61k and spending of $63k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31k to $61k (+95%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 3103%. Over the whole period it spent 9.6% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, HMH Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within OH. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($61k), PTA Delaware Congress ($61k) and Song Revival Fellowship and Ministries Inc ($61k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% of the total. Other salaries and wages came to $33k. At year end it held assets of $1.7m against liabilities of $400, net assets of $1.7m.