Sarah Bonwell Hudgins Foundation Inc

Analysis

Sarah Bonwell Hudgins Foundation Inc is a registered charity in United States, based in Hampton, VA. It received its IRS tax-exemption ruling in April 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Sarah Bonwell Hudgins Foundation Inc reported income of $274k and spending of $572k, spending 209% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $636k to $274k (-57%), an average of -19% a year. The sharpest change came in the year to June 2023, when income dropped by 39%. Over the whole period it spent 134% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sarah Bonwell Hudgins Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Families of the Wounded Fund Inc ($274k), Soulumination ($274k) and Lifequest of Arkansas ($274k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $101k (18% of expenses). Other salaries and wages came to $29k. At year end it held assets of $6.2m against liabilities of $195k, net assets of $6.0m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.