Hardbeauty Foundation

Analysis

Hardbeauty Foundation is a registered charity in United States, based in Larkspur, CO. It received its IRS tax-exemption ruling in December 2021, 5 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, Hardbeauty Foundation reported income of $1.8m and spending of $1.9m, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.5m to $1.8m (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hardbeauty Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Of Color Inc ($1.8m), The Connecticut Womens Consortium Inc ($1.8m) and Happy House Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $123k (6.4% of expenses). Other salaries and wages came to $433k. At year end it held assets of $676k against liabilities of $404k, net assets of $272k. It reported 13 employees.