Hedgeye Cares Inc

Analysis

Hedgeye Cares Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hedgeye Cares Inc reported income of $67k and spending of $14k, leaving 80% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $13k to $67k (+405%), an average of +405% a year. The sharpest change came in the year to December 2023, when income rose by 405%. 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, Hedgeye Cares Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within CT. Charities of a similar size with the same main cause include Ed Lucas Foundation Inc ($67k), Sertoma Inc ($67k) and March Forth with Hope Foundation Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 144% of the total. At year end it held assets of $106k against liabilities of $0, net assets of $106k.