Honnold Foundation

Analysis

Honnold Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Honnold Foundation reported income of $1.9m and spending of $3.6m, spending 183% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.9m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2022, when income rose by 174%. Over the whole period it spent 69% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Honnold Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within UT. Charities of a similar size with the same main cause include US Plastics Pact LLC ($1.9m), Astoria Park Conservancy ($1.9m) and Bald Head Island Conservancy Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $174k (4.9% of expenses). Other salaries and wages came to $471k. At year end it held assets of $1.8m against liabilities of $1.2m, net assets of $562k. It reported 7 employees.