Hounds Foundation

Analysis

Hounds Foundation is a registered charity in United States, based in Chester SPRGS, PA. It received its IRS tax-exemption ruling in June 2018, 8 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 (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, Hounds Foundation reported income of $545k and spending of $415k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $271k to $545k (+101%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 118%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hounds Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Sandy Rollman Ovarian Cancer Foundation Inc ($544k), United Way of the Pine Belt Region ($545k) and Jefferson Community Foundation ($543k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $328k against liabilities of $0, net assets of $328k.