Hannahs Hope for Giant Axonal Neuropathy Inc

Analysis

Hannahs Hope for Giant Axonal Neuropathy Inc is a registered charity in United States, based in Rexford, NY. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Hannahs Hope for Giant Axonal Neuropathy Inc reported income of $97k and spending of $6.0m, spending 6202% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $171k to $97k (-43%), an average of -13% a year. The sharpest change came in the year to December 2020, when income rose by 1157%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hannahs Hope for Giant Axonal Neuropathy Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Tourette Information Center & Support of Georgia Inc ($97k), Ryan Township Emergency and Rescue Squad Inc ($97k) and Smith County Clubhouse ($97k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. Other salaries and wages came to $190k. At year end it held assets of $4.7m against liabilities of $1.8m, net assets of $2.9m. It reported 1 employees.