Hearthstone-Builder Award Foundation

Analysis

Hearthstone-Builder Award Foundation is a registered charity in United States, based in Calabasas, CA. It received its IRS tax-exemption ruling in August 2001, 25 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 February 2024, Hearthstone-Builder Award Foundation reported income of $416k and spending of $413k, spending 99% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $170k to $416k (+145%), an average of +25% a year. The sharpest change came in the year to February 2022, when income rose by 50%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hearthstone-Builder Award Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Robert R Rhodes TR ($416k), Mushroom Festival Inc ($416k) and Nalc Disaster Relief Foundation ($416k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $213k against liabilities of $0, net assets of $213k.