Hear Scholarship Foundation Inc

Analysis

Hear Scholarship Foundation Inc is a registered charity in United States, based in Glenview, IL. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hear Scholarship Foundation Inc reported income of $982k and spending of $719k, leaving 27% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.9m to $982k (-48%), an average of -19% a year. The sharpest change came in the year to December 2022, when income rose by 116%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hear Scholarship Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Iec Education of Utah ($982k), Thunder Baseball League Inc ($983k) and American Genre Film Archive ($982k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 90% of the total. It paid $2,177 in professional fundraising fees. At year end it held assets of $1.7m against liabilities of $31k, net assets of $1.7m.