Kossuth Foundation of the Hungarian Reformed Federation of America

Analysis

Kossuth Foundation of the Hungarian Reformed Federation of America is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Kossuth Foundation of the Hungarian Reformed Federation of America reported income of $333k and spending of $125k, leaving 62% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $87k to $333k (+281%), an average of +95% a year. The sharpest change came in the year to December 2023, when income rose by 538%. 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, Kossuth Foundation of the Hungarian Reformed Federation of America sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 37th percentile within DC. Charities of a similar size with the same main cause include Northeast Washington Wolf-Cattle Collaborative ($332k), Columbia County Mental Retardation Realty Company Inc ($333k) and Hearts United for Bristol Inc ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 25% of the total. Other salaries and wages came to $14k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 1 employees.