Hoffman Institute Foundation

Analysis

Hoffman Institute Foundation is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hoffman Institute Foundation reported income of $18.0m and spending of $17.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.8m to $18.0m (+105%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hoffman Institute Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include American Leadership Academy Inc ($18.0m), Operation Breakthrough Inc ($18.0m) and Mountain Island Charter School Inc ($18.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $879k (5.2% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $4.9m against liabilities of $2.4m, net assets of $2.5m. It reported 86 employees.