Hache Grant Association Inc

Analysis

Hache Grant Association Inc is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Hache Grant Association Inc reported income of $123k and spending of $68k, leaving 44% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $274k to $123k (-55%), an average of -33% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hache Grant Association Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within LA. Charities of a similar size with the same main cause include Alwun House Foundation ($123k), Gujarati Cultural Association ($123k) and Mission Films ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.