Hadhramout Foundation Inc

Analysis

Hadhramout Foundation Inc is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in May 2019, 7 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Hadhramout Foundation Inc reported income of $2.0m and spending of $1.8m, spending 90% of its income. Across the 3 years on record, from December 2020 to December 2022, income fell from $2.1m to $2.0m (-3.9%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hadhramout Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Crockett Community Foundation ($2.0m), The Trinity Forum Inc ($2.0m) and Chamber of Commerce of Greater Kansas City Foundation ($2.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $27k (1.5% of expenses). At year end it held assets of $205k against liabilities of $0, net assets of $205k.