Hatc Foundation

Analysis

Hatc Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hatc Foundation reported income of $72k and spending of $100k, spending 138% of what it took in. Across the 3 years on record, from June 2019 to December 2023, income fell from $297k to $72k (-76%), an average of -51% a year. The sharpest change came in the year to December 2022, when income dropped by 58%. Over the whole period it spent 45% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hatc Foundation sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include Central Coast Housing ($72k), King Creek Cottages Inc ($73k) and Melrose Place Housing Group ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $63k against liabilities of $440, net assets of $63k.