Hv3 Foundation

Analysis

Hv3 Foundation is a registered charity in United States, based in Bath, OH. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Hv3 Foundation reported income of $1.2m and spending of $969k, spending 82% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $764k to $1.2m (+54%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 59% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hv3 Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Uscore Kicksave Foundation ($1.2m), Whitpain Recreation Assn ($1.2m) and Running Zone Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.0% of the total. Other salaries and wages came to $100k. At year end it held assets of $1.4m against liabilities of $1,515, net assets of $1.4m.