Hellenic Foundation

Analysis

Hellenic Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1969, 57 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hellenic Foundation reported income of $6.8m and spending of $6.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $6.8m (+64%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 66%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hellenic 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 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Anderson Interfaith Ministries Inc ($6.8m), Total Living Concept ($6.8m) and Hospitality Hub of Memphis ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $167k (2.7% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $18.5m against liabilities of $340k, net assets of $18.2m. It reported 331 employees.