Buddy Hoffman Foundation

Analysis

Buddy Hoffman Foundation is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Buddy Hoffman Foundation reported income of $628k and spending of $736k, spending 117% of what it took in. Across the 5 years on record, from December 2018 to September 2023, income fell from $1.6m to $628k (-60%), an average of -21% a year. The sharpest change came in the year to December 2019, when income dropped by 62%. Over the whole period it spent 69% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Buddy Hoffman 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 73rd percentile, and in the 77th percentile within GA. Charities of a similar size with the same main cause include HR Ministry Solutions ($627k), Sonlight Adventures Inc ($628k) and Lady Fatimah Center ($627k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $76k (10% of expenses). Other salaries and wages came to $114k. At year end it held assets of $1.3m against liabilities of $29k, net assets of $1.2m. It reported 5 employees.