HBP Rain Foundation

Analysis

HBP Rain Foundation is a registered charity in United States, based in Orange, NJ. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, HBP Rain Foundation reported income of $458k and spending of $444k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $389k to $458k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, HBP Rain Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Progressive Family Life Center Inc ($458k), Families First of Grant County Inc ($459k) and Mount Pleasant Community Childcare ($458k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $130k (29% of expenses). Other salaries and wages came to $149k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 15 employees.