Haig Point Foundation Inc

Analysis

Haig Point Foundation Inc is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in August 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Haig Point Foundation Inc reported income of $174k and spending of $122k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $142k to $174k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 55% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Haig Point Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 56th percentile within SC. Charities of a similar size with the same main cause include Realtors Association of Maui Community Foundation Inc ($174k), Niya Safi Foundation ($175k) and Dylan Witschen Foundation ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $368k against liabilities of $8,884, net assets of $359k.