Henry Development Foundation Inc

Analysis

Henry Development Foundation Inc is a registered charity in United States, based in Miami Gardens, FL. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Henry Development Foundation Inc reported income of $426k and spending of $525k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $247k to $426k (+72%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Henry Development Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Black Dollar Days Task Force ($426k), Williamsburg County Development Corporation ($426k) and Leipsic Community Center ($426k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $70k (13% of expenses). Other salaries and wages came to $104k. At year end it held assets of $161 against liabilities of $0, net assets of $161.