Hansen Foundation Inc

Analysis

Hansen Foundation Inc is a registered charity in United States, based in Egg Harbor Cy, NJ. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hansen Foundation Inc reported income of $2.3m and spending of $2.3m, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $3.2m to $2.3m (-26%), an average of -6.0% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hansen Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include United Way of the Wine Country ($2.3m), United Way of Saginaw County ($2.3m) and Madison County Community Foundation Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 35% of the total. Other salaries and wages came to $651k. At year end it held assets of $5.2m against liabilities of $3.7m, net assets of $1.5m. It reported 38 employees.