Hanscom Fcu Charitable Foundation Inc

Analysis

Hanscom Fcu Charitable Foundation Inc is a registered charity in United States, based in Littleton, MA. It received its IRS tax-exemption ruling in May 2012, 14 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, Hanscom Fcu Charitable Foundation Inc reported income of $1.2m and spending of $144k, leaving 88% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $1.2m (+325%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 323%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hanscom Fcu Charitable Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Nonprofit Leadership Center of Tampa Bay Inc ($1.2m), Shenandoah Medical Center Foundation ($1.2m) and United Way of Adams County Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.