H4c Inc

Analysis

H4c Inc is a registered charity in United States, based in Hilton Head Island, SC. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, H4c Inc reported income of $136k and spending of $107k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $136k (+64%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, H4c Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 50th percentile within SC. Charities of a similar size with the same main cause include Changing Lives-The Rabbi Ronnie Greenwald Scholarship Fund ($136k), Stony Hill Players Inc ($136k) and Atlanta St Patricks Day Foundation Inc ($136k).

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 $42k against liabilities of $0, net assets of $42k.