Zach Hoefler Memorial Trust

Analysis

Zach Hoefler Memorial Trust is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Zach Hoefler Memorial Trust reported income of $146k and spending of $65k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $217k to $146k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Zach Hoefler Memorial Trust sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Chiachenfan Inc ($146k), Motley-Dickens Counties Old Settlers Reunion Inc ($146k) and Tanager Place Endowment Foundation ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $452k against liabilities of $0, net assets of $452k.