Hiscec Foundation Inc

Analysis

Hiscec Foundation Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Hiscec Foundation Inc reported income of $605k and spending of $636k, spending 105% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $274k to $605k (+121%), an average of +49% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hiscec Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Ferndale Youth Assistance Committee ($605k), School of Economics ($605k) and Atlantic Hook & Ladder Company No 1 Inc of Port Washington ($605k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $94k against liabilities of $11k, net assets of $84k.