The Heph Foundation

Analysis

The Heph Foundation is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, The Heph Foundation reported income of $408k and spending of $594k, spending 145% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $321k to $408k (+27%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Heph Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Suburban Rotary Charitable Foundation ($408k), Framing Our Community Inc ($409k) and Churchill Area Regional Transportation ($408k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $275k (46% of expenses). At year end it held assets of $43k against liabilities of $0, net assets of $43k. It reported 3 employees.