HFSF Grants Management Inc

Analysis

HFSF Grants Management Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 1988, 38 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, HFSF Grants Management Inc reported income of $8.1m and spending of $6.8m, spending 83% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $7.8m to $8.1m (+3.8%), an average of +0.7% a year. The sharpest change came in the year to December 2023, when income rose by 49%. 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, HFSF Grants Management Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Community Resources for Children ($8.1m), New River Community Action Inc ($8.1m) and Upper Valley Haven Inc ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% of the total. Compensation of current officers, directors and key employees was $696k (10% of expenses). Other salaries and wages came to $453k. At year end it held assets of $148.1m against liabilities of $9.1m, net assets of $138.9m.