Hedera Foundation Inc

Analysis

Hedera Foundation Inc is a registered charity in United States, based in Tyrone, GA. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Hedera Foundation Inc reported income of $63k and spending of $59k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $87k to $63k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 76% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hedera Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within GA. Charities of a similar size with the same main cause include Maypearl Ffa Booster Club Inc ($63k), Sme Share Inc ($63k) and Edmonds Tennis & Education Foundation ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.6% of the total. At year end it held assets of $117k against liabilities of $0, net assets of $117k.