Honkamp Family Foundation

Analysis

Honkamp Family Foundation is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Honkamp Family Foundation reported income of $195k and spending of $257k, spending 132% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $173k to $195k (+13%), an average of +2.4% a year. The sharpest change came in the year to December 2020, when income rose by 573%. Over the whole period it spent 30% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Honkamp Family Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within WI. Charities of a similar size with the same main cause include Mt Shasta Race Association ($195k), Petal Sports Association Inc ($195k) and Yonkers Paddling & Rowing Club ($195k).

At year end it held assets of $4.7m against liabilities of $40k, net assets of $4.7m.