Hip Hop Caucus Education Fund

Analysis

Hip Hop Caucus Education Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Hip Hop Caucus Education Fund reported income of $11.8m and spending of $5.6m, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $11.8m (+772%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 227%. Over the whole period it spent 68% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hip Hop Caucus Education Fund sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 89th percentile within DC. Charities of a similar size with the same main cause include Boys & Girls Clubs of Metropolitan Baltimore ($11.7m), Jewish Council for Youth Services ($11.8m) and Boys & Girls Clubs of Greater San Diego ($11.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $500k (8.9% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $8.3m against liabilities of $1.1m, net assets of $7.3m. It reported 23 employees.