Hession Foundation Corporation

Analysis

Hession Foundation Corporation is a registered charity in United States, based in Montville, NJ. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover mental health and crisis intervention, 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, Hession Foundation Corporation reported income of $66k and spending of $10k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $82k to $66k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 61% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hession Foundation Corporation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 33rd percentile within NJ. Charities of a similar size with the same main cause include Thanh Ca Thien Huong Foundation ($66k), Earth-Spirit Inc ($66k) and Midwest Animal Assisted Therapy and Education Organization ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.