Hang Tough Foundation Inc

Analysis

Hang Tough Foundation Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in September 2015, 11 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, Hang Tough Foundation Inc reported income of $271k and spending of $320k, spending 118% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $252k to $271k (+7.6%), an average of +3.7% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hang Tough Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Capital Sisters International Inc ($271k), Crecer Foundation ($271k) and American Friends of Netanya College Inc ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $61k (19% of expenses). Other salaries and wages came to $61k. At year end it held assets of $242k against liabilities of $64k, net assets of $178k. It reported 6 employees.