Hour Generation Foundation

Analysis

Hour Generation Foundation is a registered charity in United States, based in Garden City, NY. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Hour Generation Foundation reported income of $472k and spending of $253k, leaving 46% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $272k to $472k (+74%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 60% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hour Generation Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Community Health Initiatives Inc ($472k), Second Life Bikes ($473k) and Rotary Housing Corporation ($472k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $478k against liabilities of $0, net assets of $478k.