H Eldridge and Louise R Hannford Charitable Trust

Analysis

H Eldridge and Louise R Hannford Charitable Trust is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 2017, 9 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, H Eldridge and Louise R Hannford Charitable Trust reported income of $300k and spending of $371k, spending 123% of what it took in. Across the 5 years on record, from September 2020 to September 2024, income grew from $222k to $300k (+35%), an average of +7.8% a year. The sharpest change came in the year to September 2021, when income rose by 136%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, H Eldridge and Louise R Hannford Charitable Trust sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include Manchester Housing & Redevelopment Foundation Inc ($300k), Little League Baseball Inc ($300k) and Sheet Metal Workers Union 58 Educational & Apprentice Training ($300k).

Compensation of current officers, directors and key employees was $53k (14% of expenses). At year end it held assets of $5.8m against liabilities of $0, net assets of $5.8m.