Hallet Oak Foundation

Analysis

Hallet Oak Foundation is a registered charity in United States, based in Hallettsville, TX. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hallet Oak Foundation reported income of $90k and spending of $94k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $128k to $90k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hallet Oak Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within TX. Charities of a similar size with the same main cause include Sigma Chi Building Foundation ($90k), Hacienda Heights Area Chinese School Inc ($90k) and San Diego Book Arts ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $38k against liabilities of $44k, net assets of -$6,731.