Hanover Township Foundation

Analysis

Hanover Township Foundation is a registered charity in United States, based in Streamwood, IL. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hanover Township Foundation reported income of $190k and spending of $164k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $190k (+68%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hanover Township Foundation 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 53rd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include Darfur Women Action Group ($190k), Salem NH Farmers Market ($190k) and The Miller School Alumni Association Inc ($190k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.