Hoover Foundation Inc

Analysis

Hoover Foundation Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 1996, 30 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, Hoover Foundation Inc reported income of $140k and spending of $139k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $140k (+112%), an average of +112% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 129% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hoover Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include In Education Inc ($140k), Greater Chicago Cage Bird Society ($140k) and Rough Hollow Elementary School Parent Teacher Organization ($140k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $286k against liabilities of $137k, net assets of $149k.