Hargrave Foundation

Analysis

Hargrave Foundation is a registered charity in United States, based in Chatham, VA. It received its IRS tax-exemption ruling in April 1990, 36 years ago. 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, Hargrave Foundation reported income of $297k and spending of $595k, spending 200% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $772k to $297k (-62%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 3019%. Over the whole period it spent 171% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hargrave Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Homeless Rescue Services Inc ($297k), Provisions Thrift Store Ministry ($297k) and American Lyric Theater Center Inc ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.