Henrik Lundqvist Foundation Inc

Analysis

Henrik Lundqvist Foundation Inc is a registered charity in United States, based in Ocean, NJ. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Henrik Lundqvist Foundation Inc reported income of $511k and spending of $366k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $368k to $511k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2022, when income rose by 27%. 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, Henrik Lundqvist Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Paris-Henry County Healthcare Foundation Inc ($511k), County United Way Inc ($511k) and United Way of Henderson County ($511k).

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 $64k (18% of expenses). At year end it held assets of $2.1m against liabilities of $61k, net assets of $2.1m.