Halff Community Initiative

Analysis

Halff Community Initiative is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in March 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, Halff Community Initiative reported income of $209k and spending of $156k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $228k to $209k (-8.3%), an average of -8.3% a year. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Halff Community Initiative sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Friends of School of the Art Foundation ($209k), United Way of Hays County ($209k) and Summit Bank Foundation ($209k).

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 $221k against liabilities of -$1,260, net assets of $222k.