Hm3 Partners Independence Fund Inc

Analysis

Hm3 Partners Independence Fund Inc is a registered charity in United States, based in Gibsonia, PA. It received its IRS tax-exemption ruling in April 2017, 9 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, Hm3 Partners Independence Fund Inc reported income of $182k and spending of $22k, leaving 88% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $383k to $182k (-53%), an average of -22% a year. The sharpest change came in the year to December 2021, when income dropped by 43%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hm3 Partners Independence Fund Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within PA. Charities of a similar size with the same main cause include Bco Benevolence Fund Inc ($182k), United Way of Nobles County ($182k) and Beaches Summertime Cruisin ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $304k against liabilities of $0, net assets of $304k.