Henricus Foundation

Analysis

Henricus Foundation is a registered charity in United States, based in Chester, VA. It received its IRS tax-exemption ruling in January 1987, 39 years ago. 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, Henricus Foundation reported income of $1.1m and spending of $1.3m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $906k to $1.1m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Henricus Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Monte Vista Community Center Inc ($1.1m), Luther Gardens Inc ($1.1m) and Amateur Athletic Union of the United States Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $136k (10% of expenses). Other salaries and wages came to $738k. At year end it held assets of $3.7m against liabilities of $119k, net assets of $3.6m.

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.