Boris Henson Foundation Inc

Analysis

Boris Henson Foundation Inc is a registered charity in United States, based in National Harbor, MD. It received its IRS tax-exemption ruling in November 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 November 2022, Boris Henson Foundation Inc reported income of $2.6m and spending of $2.0m, leaving 23% of income unspent that year. Across the 4 years on record, from November 2019 to November 2022, income grew from $687k to $2.6m (+283%), an average of +56% a year. The sharpest change came in the year to November 2022, when income rose by 118%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Boris Henson Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include New England Anime Society Inc ($2.6m), Community Foundation of the Northern Alleghenies ($2.6m) and Aurelia Foundation ($2.6m).

On its Form 990 for the period ending November 2022, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $123k (6.1% of expenses). Other salaries and wages came to $304k. It paid $124k in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 10 employees.