H & H Lee Charitable Foundation

Analysis

H & H Lee Charitable Foundation is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in May 1991, 35 years ago. 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 2021, H & H Lee Charitable Foundation reported income of $10.2m and spending of $2.3m, leaving 78% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $620k to $10.2m (+1552%), an average of +306% a year. The sharpest change came in the year to December 2021, when income rose by 431%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, H & H Lee Charitable Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Alpha Ministries Canada ($10.2m), Christian Schools Inc ($10.2m) and Childrens School Inc ($10.2m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $100k (4.4% of expenses). At year end it held assets of $29.4m against liabilities of $4.7m, net assets of $24.7m.