Grant-Hamill Foundation Inc

Analysis

Grant-Hamill Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 1959, 67 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, Grant-Hamill Foundation Inc reported income of $193k and spending of $149k, leaving 23% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $149k to $193k (+30%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 294%. Over the whole period it spent 117% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Grant-Hamill Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within IN. Charities of a similar size with the same main cause include Impact100 DC ($193k), Yeshivat Maale Gilboa USA Inc ($194k) and Enhance Asian Community on Health Inc ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $28k (19% of expenses). At year end it held assets of $1.2m against liabilities of $76k, net assets of $1.1m.