Hand Surgery Endowment Charitable Foundation

Analysis

Hand Surgery Endowment Charitable Foundation is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in June 1997, 29 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, Hand Surgery Endowment Charitable Foundation reported income of $176k and spending of $114k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $200k to $176k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 34% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hand Surgery Endowment Charitable Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Murdock Fund Trustees ($176k), Central Hardin Band Boosters Inc ($176k) and Affordable for Ny Inc ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $2.0m against liabilities of $14k, net assets of $2.0m.