HHS Carefund Foundation

Analysis

HHS Carefund Foundation is a registered charity in United States, based in Dripping SPGS, TX. It received its IRS tax-exemption ruling in November 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 (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, HHS Carefund Foundation reported income of $610k and spending of $600k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $238k to $610k (+156%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 120%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, HHS Carefund Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Berean Childrens Home Inc ($610k), Peace Children Academy Inc ($610k) and Hub Central Access Point for Youngadults ($610k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $57k. At year end it held assets of $44k against liabilities of $4,471, net assets of $39k.