Hay Foundation

Analysis

Hay Foundation is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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 June 2023, Hay Foundation reported income of $57k and spending of $448k, spending 784% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $209k to $57k (-73%), an average of -35% a year. The sharpest change came in the year to June 2021, when income rose by 803%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hay Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include PTA Utah Congress ($57k), Lutheran Cursillo of Southern Calif ($57k) and San Antonio Chamber Music Society ($57k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $5.5m against liabilities of $0, net assets of $5.5m.