Catherine Violet Hubbard Foundation Inc

Analysis

Catherine Violet Hubbard Foundation Inc is a registered charity in United States, based in Newtown, CT. It received its IRS tax-exemption ruling in April 2013, 13 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, Catherine Violet Hubbard Foundation Inc reported income of $1.3m and spending of $784k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $729k to $1.3m (+73%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Catherine Violet Hubbard 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 82nd percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Impact Silver Spring ($1.3m), Community Hope Projects Inc ($1.3m) and Grand Vision Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $110k (14% of expenses). Other salaries and wages came to $216k. At year end it held assets of $5.0m against liabilities of $24k, net assets of $5.0m. It reported 6 employees.