Hoffberger Family Fund Inc

Analysis

Hoffberger Family Fund Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in January 1980, 46 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hoffberger Family Fund Inc reported income of $596k and spending of $970k, spending 163% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $911k to $596k (-35%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 245%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hoffberger Family Fund Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Muslim Welfare Association ($595k), United Way of Rockland County ($596k) and Black River United Way ($595k).

At year end it held assets of $22.3m against liabilities of $0, net assets of $22.3m.