Hammond Education Foundation Inc

Analysis

Hammond Education Foundation Inc is a registered charity in United States, based in Hammond, IN. It received its IRS tax-exemption ruling in April 1987, 39 years ago. 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 June 2024, Hammond Education Foundation Inc reported income of $153k and spending of $147k, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $155k to $153k (-1.3%), an average of -0.3% a year. The sharpest change came in the year to June 2022, when income rose by 141%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hammond Education Foundation Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within IN. Charities of a similar size with the same main cause include Tennessee Youth Sports Alliance ($153k), Masonic Charities of Maryland Inc ($153k) and American Sri Lanka Buddist Association ($153k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% of the total. Compensation of current officers, directors and key employees was $49k (34% of expenses). At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 1 employees.