The Emma Alyson & Kate Hance Family Foundation Inc

Analysis

The Emma Alyson & Kate Hance Family Foundation Inc is a registered charity in United States, based in Floral Park, NY. It received its IRS tax-exemption ruling in July 2010, 16 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 July 2023, The Emma Alyson & Kate Hance Family Foundation Inc reported income of $392k and spending of $423k, spending 108% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $291k to $392k (+35%), an average of +7.7% a year. The sharpest change came in the year to July 2020, when income rose by 108%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Emma Alyson & Kate Hance Family Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Help Our World One on One ($391k), The Northwest Connecticut Community Foundation Trust ($392k) and Blue Lotus Farm & Retreat Center ($391k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 96% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $72k (17% of expenses). Other salaries and wages came to $88k. At year end it held assets of $938k against liabilities of $204k, net assets of $735k. It reported 7 employees.