Scott Hamilton Cares Foundation Inc

Analysis

Scott Hamilton Cares Foundation Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Scott Hamilton Cares Foundation Inc reported income of $1.4m and spending of $1.2m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $921k to $1.4m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Scott Hamilton Cares Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include Main Link ($1.4m), Problem Gambling Coalition of Colorado Inc ($1.4m) and Medical Foundation of Nashville ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 135% of the total. Compensation of current officers, directors and key employees was $155k (13% of expenses). Other salaries and wages came to $207k. It paid $30k in professional fundraising fees. At year end it held assets of $2.5m against liabilities of $421k, net assets of $2.1m. It reported 4 employees.