Hedge Funds Care Inc

Analysis

Hedge Funds Care Inc is a registered charity in United States, based in Newyork, NY. It received its IRS tax-exemption ruling in August 2003, 23 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, Hedge Funds Care Inc reported income of $1.9m and spending of $1.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $1.9m (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. 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, Hedge Funds Care Inc 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 82nd percentile within NY. Charities of a similar size with the same main cause include 914 Cares Inc ($1.9m), Penn-Mar Foundation ($1.9m) and United Way of the Black Hills ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 129% of the total. Compensation of current officers, directors and key employees was $200k (11% of expenses). Other salaries and wages came to $183k. At year end it held assets of $3.0m against liabilities of $717k, net assets of $2.3m. It reported 5 employees.