Heb Foundation

Analysis

Heb Foundation is a registered charity in United States, based in Indian Head, MD. It received its IRS tax-exemption ruling in June 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 (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, Heb Foundation reported income of $199k and spending of $214k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $199k (+97%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Heb Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Mary Chilton Dar Foundation ($199k), Rose Creek Firemans Relief Association ($199k) and Campaign Corporation ($199k).

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 $46k against liabilities of $0, net assets of $46k.