Hanger Hall School Inc

Analysis

Hanger Hall School Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hanger Hall School Inc reported income of $1.3m and spending of $1.3m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.3m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hanger Hall School Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Bridge Education ($1.3m), Educational Resources for Children Inc ($1.3m) and Morgantown Early Learning Facility Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $86k (6.4% of expenses). Other salaries and wages came to $528k. At year end it held assets of $2.1m against liabilities of $1.1m, net assets of $939k. It reported 14 employees.