1162 Foundation Inc

Analysis

1162 Foundation Inc is a registered charity in United States, based in Sunapee, NH. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, 1162 Foundation Inc reported income of $201k and spending of $16k, leaving 92% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $371k to $201k (-46%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 1162 Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within NH. Charities of a similar size with the same main cause include Campaign for Children and Families ($201k), Piedmont Regional Trauma System Inc ($201k) and Food Bank of Sweetwater County ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $331k against liabilities of $0, net assets of $331k.