Hanks Legacy Foundation

Analysis

Hanks Legacy Foundation is a registered charity in United States, based in Placerville, CA. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hanks Legacy Foundation reported income of $110k and spending of $122k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $110k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 109% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Hanks Legacy Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include American Academy of Veterinary Nutrition ($110k), Pets on Wheels Inc ($110k) and Forgotten Felines Inc ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $1,640, net assets of $9,589.