Hedrick House

Analysis

Hedrick House is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in July 1977, 49 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, Hedrick House reported income of $302k and spending of $330k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $276k to $302k (+9.3%), an average of +2.2% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hedrick House sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within AZ. Charities of a similar size with the same main cause include American Cryonics Society Inc ($302k), Victor Valley Community Services Council ($302k) and Advisory Board on Autism and Related Disorders Inc ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Other salaries and wages came to $133k. At year end it held assets of $79k against liabilities of $135k, net assets of -$56k. It reported 10 employees.