Hankele Memorial Fund

Analysis

Hankele Memorial Fund is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 1989, 37 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 April 2024, Hankele Memorial Fund reported income of $117k and spending of $85k, leaving 27% of income unspent that year. Across the 5 years on record, from April 2020 to April 2024, income grew from $50k to $117k (+134%), an average of +24% a year. The sharpest change came in the year to April 2024, when income rose by 228%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hankele Memorial Fund sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within PA. Charities of a similar size with the same main cause include Nancy Owens Breast Cancer Foundation ($117k), Texas Aggie Rodeo Incorporated ($117k) and Project Scholars Inc ($117k).

Compensation of current officers, directors and key employees was $8,296 (9.7% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.