HTTP

Analysis

HTTP is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2024, 2 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 (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, HTTP reported income of $205k and spending of $207k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $471k to $205k (-56%), an average of -56% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, HTTP sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 30th percentile within DC. Charities of a similar size with the same main cause include Haiti Gospel Fund ($205k), Ann Arbor Spark Foundation ($205k) and Tri-County Community Foundation ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (43% of expenses). At year end it held assets of $331k against liabilities of $413, net assets of $330k. It reported 1 employees.