Hypertherm Hope Foundation Inc

Analysis

Hypertherm Hope Foundation Inc is a registered charity in United States, based in Hanover, NH. It received its IRS tax-exemption ruling in October 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, Hypertherm Hope Foundation Inc reported income of $948k and spending of $868k, spending 92% of its income. Across the 5 years on record, from June 2020 to December 2023, income grew from $913k to $948k (+3.8%), an average of +0.9% a year. The sharpest change came in the year to December 2023, when income rose by 122%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hypertherm Hope Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NH. Charities of a similar size with the same main cause include United Way of Iredell County Inc ($947k), American Committee for Ahavas Torah Inc ($948k) and Out Maine ($947k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $427k against liabilities of $0, net assets of $427k.