Task Force Hydro1

Analysis

Task Force Hydro1 is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in September 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, Task Force Hydro1 reported income of $92k and spending of $39k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $92k (+117%), an average of +117% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 52% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Task Force Hydro1 sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include Tower of Light Ministries ($92k), Nevada Health Foundation Inc ($92k) and Innocent Voices Inc ($92k).

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 $53k against liabilities of $0, net assets of $53k.