Ann B Hearin Foundation

Analysis

Ann B Hearin Foundation is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in October 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Ann B Hearin Foundation reported income of $264k and spending of $46k, leaving 83% of income unspent that year. Across the 6 years on record, from September 2017 to September 2023, income grew from $153k to $264k (+73%), an average of +12% a year. The sharpest change came in the year to September 2020, when income rose by 3329%. Over the whole period it spent 31% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ann B Hearin Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within AL. Charities of a similar size with the same main cause include United Way of Illinois Valley Inc ($263k), United Way of the Titusville Region ($264k) and Musselshell Valley Community Foundation ($263k).

At year end it held assets of $2.2m against liabilities of $19k, net assets of $2.2m.