Hargraves Outreach Inc

Analysis

Hargraves Outreach Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 2018, 8 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, Hargraves Outreach Inc reported income of $2.2m and spending of $1.8m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $448k to $2.2m (+386%), an average of +48% a year. The sharpest change came in the year to December 2020, when income rose by 66%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hargraves Outreach Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Crockett Foundation Inc ($2.2m), Telecompioneers ($2.2m) and United Way of Northeast Mississippi Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $382k (22% of expenses). Other salaries and wages came to $510k. At year end it held assets of $1.6m against liabilities of $87k, net assets of $1.5m. It reported 47 employees.