HBS Foundation Inc

Analysis

HBS Foundation Inc is a registered charity in United States, based in Palm City, FL. It received its IRS tax-exemption ruling in June 1996, 30 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 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, HBS Foundation Inc reported income of $97k and spending of $109k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $122k to $97k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, HBS Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include United Way of Hunt County Incorporated ($97k), Cong Ezras Yesomim Fund Inc ($97k) and Healthcare Sterile Processing Association Foundation ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $233k against liabilities of $0, net assets of $233k.