Hoover Intergenerational Care

Analysis

Hoover Intergenerational Care is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Hoover Intergenerational Care reported income of $1.4m and spending of $1.1m, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.3m to $1.4m (-38%), an average of -15% a year. The sharpest change came in the year to June 2021, when income dropped by 69%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hoover Intergenerational Care sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Clovis Rodeo Association Foundation ($1.4m), Love Transformation Project Inc ($1.4m) and Nutrition Plus Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Other salaries and wages came to $602k. At year end it held assets of $2.8m against liabilities of $1.1m, net assets of $1.7m. It reported 16 employees.