Hits Foundation

Analysis

Hits Foundation is a registered charity in United States, based in Springville, NY. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Hits Foundation reported income of $56k and spending of $55k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $74k to $56k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hits Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Momence Junior Redskins Association ($56k), Cuero Sportsman Club Inc ($56k) and Saco Junior Trojans ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $299k against liabilities of $3,491, net assets of $296k.