Hakone Foundation

Analysis

Hakone Foundation is a registered charity in United States, based in Saratoga, CA. It received its IRS tax-exemption ruling in November 1988, 38 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 June 2024, Hakone Foundation reported income of $1.8m and spending of $1.4m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.0m to $1.8m (+84%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 72%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hakone Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Ascension Episcopal School ($1.8m), Greeninfo Network ($1.8m) and Fort Worth Report ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $128k (9.3% of expenses). Other salaries and wages came to $624k. At year end it held assets of $3.0m against liabilities of $625k, net assets of $2.4m. It reported 17 employees.