Housewares Charity Foundation

Analysis

Housewares Charity Foundation is a registered charity in United States, based in Rosemont, IL. It received its IRS tax-exemption ruling in February 1999, 27 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 June 2023, Housewares Charity Foundation reported income of $2.0m and spending of $2.2m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.0m (+76%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 289%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Housewares Charity Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Community Foundation for McHenry County ($2.0m), The San Bruno Community Foundation ($2.0m) and Hillsdale County Community Foundation ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 107% of the total. It paid $62k in professional fundraising fees. At year end it held assets of $476k against liabilities of $16k, net assets of $460k.