Hannah & Friends Weis Family Foundation Inc

Analysis

Hannah & Friends Weis Family Foundation Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hannah & Friends Weis Family Foundation Inc reported income of $187k and spending of $421k, spending 225% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $187k (-91%), an average of -46% a year. The sharpest change came in the year to December 2020, when income dropped by 94%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hannah & Friends Weis Family Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within IN. Charities of a similar size with the same main cause include The Food Center ($187k), Hope Rising Childrens Home ($187k) and Guilderland Food Pantry Inc ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.6% of the total. Compensation of current officers, directors and key employees was $19k (4.4% of expenses). Other salaries and wages came to $153k. At year end it held assets of $3.5m against liabilities of $18k, net assets of $3.5m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.