The Hamlin Jaeger and Massina Charitable Foundation

Analysis

The Hamlin Jaeger and Massina Charitable Foundation is a registered charity in United States, based in Wheeling, WV. It received its IRS tax-exemption ruling in June 2004, 22 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, The Hamlin Jaeger and Massina Charitable Foundation reported income of $217k and spending of $173k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $228k to $217k (-4.7%), an average of -1.2% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 117% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Hamlin Jaeger and Massina Charitable Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within WV. Charities of a similar size with the same main cause include 216 Somerset Company ($217k), Books for International Goodwill Foundation Inc ($217k) and Chessed Vemess Inc ($217k).

Compensation of current officers, directors and key employees was $34k (20% of expenses). At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m.