Hendrick Family Foundation

Analysis

Hendrick Family Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 2016, 10 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, Hendrick Family Foundation reported income of $4.1m and spending of $4.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $4.1m (+203%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 609%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hendrick Family Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include St Davids Community Health Foundation Initiatives ($4.1m), Quarterbacking Childrens Health Foundation ($4.1m) and Teammates for Kids Foundation ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $895k against liabilities of $0, net assets of $895k.