The Hoffa Foundation Inc

Analysis

The Hoffa Foundation Inc is a registered charity in United States, based in Sykesville, MD. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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, The Hoffa Foundation Inc reported income of $211k and spending of $251k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $195k to $211k (+7.9%), an average of +7.9% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Hoffa Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Eagles Mere Foundation ($211k), Nature Camp Foundation Incorporated ($211k) and PTA Florida Congress ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 17% of the total. Other salaries and wages came to $77k. At year end it held assets of $98k against liabilities of $29k, net assets of $69k. It reported 2 employees.