Foundation for Hao- Foundation Syndrome

Analysis

Foundation for Hao- Foundation Syndrome is a registered charity in United States, based in Falmouth, ME. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 2023, Foundation for Hao- Foundation Syndrome reported income of $54k and spending of $81k, spending 149% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $178k to $54k (-69%), an average of -33% a year. The sharpest change came in the year to December 2021, when income dropped by 64%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Foundation for Hao- Foundation Syndrome sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 14th percentile within ME. Charities of a similar size with the same main cause include Baltimore Homa Community Inc ($54k), AIDS Outreach ($54k) and Dollarcare Org ($54k).

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 $190k against liabilities of $0, net assets of $190k.