Hannah Kane Charitable Foundation Inc

Analysis

Hannah Kane Charitable Foundation Inc is a registered charity in United States, based in Shrewsbury, MA. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Hannah Kane Charitable Foundation Inc reported income of $58k and spending of $67k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $58k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hannah Kane Charitable Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Dollars for Mammograms Inc ($58k), Rotary Club of Orange Park Sunrise Charities Inc ($58k) and De Muniz Resource Center Legal Clinic ($58k).

At year end it held assets of $30k against liabilities of $0, net assets of $30k.