Foundation for Hearing Research Inc

Analysis

Foundation for Hearing Research Inc is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in June 1970, 56 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Foundation for Hearing Research Inc reported income of $2.8m and spending of $3.3m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $2.8m (-2.7%), an average of -0.7% a year. The sharpest change came in the year to June 2022, when income rose by 102%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Hearing Research Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Montbello Organizing Committee ($2.8m), The Boston Consortium for Higher Education Inc ($2.8m) and Berkeley Public Schools Fund ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $250k (7.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $9.8m against liabilities of $646k, net assets of $9.1m. It reported 35 employees.