Hamptons Invitational Charitable Fund Inc

Analysis

Hamptons Invitational Charitable Fund Inc is a registered charity in United States, based in Bridgehampton, NY. It received its IRS tax-exemption ruling in December 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, Hamptons Invitational Charitable Fund Inc reported income of $660k and spending of $647k, spending 98% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $1,200 to $660k (+54879%), an average of +2245% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 118% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hamptons Invitational Charitable Fund Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Infinite Hero Foundation ($659k), United Way of Colquitt County ($660k) and Friends of Shearim Hametsuyanim Inc ($659k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. At year end it held assets of $164k against liabilities of $127k, net assets of $36k.