TD Securities Underwriting Hope Fund Inc

Analysis

TD Securities Underwriting Hope Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 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, TD Securities Underwriting Hope Fund Inc reported income of $599k and spending of $630k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $586k to $599k (+2.3%), an average of +0.6% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, TD Securities Underwriting Hope Fund Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Wells Community Health Services Foundation Inc ($599k), United Way of Washington County ($599k) and Culver City Rotary Community Foundation ($599k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. At year end it held assets of $108k against liabilities of $121k, net assets of -$14k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.