The Harry Halloran Jr Charitable Trust

Analysis

The Harry Halloran Jr Charitable Trust is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Harry Halloran Jr Charitable Trust reported income of $11.2m and spending of $12.0m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $11.2m (+682%), an average of +67% a year. The sharpest change came in the year to December 2021, when income rose by 2741%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Harry Halloran Jr Charitable Trust sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Waukesha County Community Foundation Inc ($11.2m), Tumo Foundation ($11.2m) and High Point Community Foundation ($11.1m).

At year end it held assets of $24.1m against liabilities of $163k, net assets of $24.0m.