Hodes Family Foundation Inc

Analysis

Hodes Family Foundation Inc is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in May 2014, 12 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, Hodes Family Foundation Inc reported income of $149k and spending of $461k, spending 309% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $400k to $149k (-63%), an average of -22% a year. The sharpest change came in the year to December 2022, when income rose by 659%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hodes Family Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include St Johns Area Community Fund ($149k), Adins Closet Inc ($149k) and 21st Century Jobskills Project ($149k).

At year end it held assets of $452k against liabilities of $0, net assets of $452k.