Fred W Hooper Endowment Fund

Analysis

Fred W Hooper Endowment Fund is a registered charity in United States, based in Hope Hull, AL. It received its IRS tax-exemption ruling in January 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, Fred W Hooper Endowment Fund reported income of $137k and spending of $60k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $164k to $137k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2021, when income rose by 195%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fred W Hooper Endowment Fund sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within AL. Charities of a similar size with the same main cause include Metal of Honor Fund ($137k), Help a Child Benefit ($137k) and Shane Isom Memorial Foundation ($137k).

At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.