Hendrix-Murphy Foundation Inc

Analysis

Hendrix-Murphy Foundation Inc is a registered charity in United States, based in Conway, AR. It received its IRS tax-exemption ruling in October 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Hendrix-Murphy Foundation Inc reported income of $1.6m and spending of $1.4m, spending 91% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $301k to $1.6m (+416%), an average of +51% a year. The sharpest change came in the year to May 2020, when income rose by 973%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hendrix-Murphy Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within AR. Charities of a similar size with the same main cause include Colby Community College Endowment Foundation ($1.6m), Redwood Schools Inc ($1.6m) and Crawford County Federated Library System ($1.6m).

At year end it held assets of $40.2m against liabilities of $310k, net assets of $39.9m.