Hole in the Sky Foundation Inc

Analysis

Hole in the Sky Foundation Inc is a registered charity in United States, based in Canoga Park, CA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Hole in the Sky Foundation Inc reported income of $112k and spending of $108k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $113k to $112k (-1.6%), an average of -1.6% a year. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hole in the Sky Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Special Angels Foundation ($112k), Tri State Health Care Coalition ($112k) and Deaconess Health Associations Fund Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $40k against liabilities of $31k, net assets of $8,580.