Hank Poore Foundation

Analysis

Hank Poore Foundation is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Hank Poore Foundation reported income of $127k and spending of $90k, leaving 29% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $93k to $127k (+36%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 47% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hank Poore Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within AL. Charities of a similar size with the same main cause include Arm of Care Inc ($127k), Hoffman Fire Department and Rescue Squad Inc ($127k) and American College of Veterinary Dermatology Research Foundation ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $11k. At year end it held assets of $182k against liabilities of $0, net assets of $182k. It reported 1 employees.