Hannon Cup Association

Analysis

Hannon Cup Association is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hannon Cup Association reported income of $286k and spending of $140k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $199k to $286k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hannon Cup Association 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 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Education for Parents of Indigenous ($286k), Veterinary Scholarship Trust of New England ($286k) and City of Refuge Foundation Inc ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $28k (20% of expenses). At year end it held assets of $128k against liabilities of $0, net assets of $128k.