Hanford Community Foundation

Analysis

Hanford Community Foundation is a registered charity in United States, based in Hanford, CA. It received its IRS tax-exemption ruling in April 1997, 29 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, Hanford Community Foundation reported income of $80k and spending of $176k, spending 219% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $127k to $80k (-36%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. 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, Hanford Community Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Wall Street Women of Texas ($80k), Kiwanis Club Foundation of Ooltewah-Collegedale ($80k) and Friends of the Grenadines Initiative ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 1.0% of the total. At year end it held assets of $562k against liabilities of $54k, net assets of $509k.