Hearing & Speech Foundation

Analysis

Hearing & Speech Foundation is a registered charity in United States, based in Maryville, TN. It received its IRS tax-exemption ruling in June 1982, 44 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 December 2023, Hearing & Speech Foundation reported income of $130k and spending of $152k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $195k to $130k (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hearing & Speech Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within TN. Charities of a similar size with the same main cause include Little League Baseball Inc ($130k), Rock Communications ($130k) and American Pyrotechnics Safety and Education Foundation Inc ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 37% of the total. Other salaries and wages came to $62k. At year end it held assets of $756k against liabilities of $0, net assets of $756k. It reported 2 employees.