H3o Foundation

Analysis

H3o Foundation is a registered charity in United States, based in Solana Beach, CA. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover food, agriculture and nutrition, 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, H3o Foundation reported income of $1.0m and spending of $1.0m, spending 103% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $224k to $1.0m (+353%), an average of +65% a year. The sharpest change came in the year to December 2022, when income rose by 251%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, H3o Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Enriched Resources for Independent Elderly Inc ($1.0m), West Broad Street YMCA Inc ($1.0m) and Children of the Immaculate Heart ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.