The Hangar

Analysis

The Hangar is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Hangar reported income of $133k and spending of $82k, leaving 38% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $31k to $133k (+330%), an average of +63% a year. The sharpest change came in the year to December 2020, when income rose by 122%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Hangar sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Capstone Charitable Foundation ($133k), Union County TN Farmers Market ($133k) and Pickles and Popsicles ($133k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. At year end it held assets of $285k against liabilities of $0, net assets of $285k.