Michael Hoefflin Foundation

Analysis

Michael Hoefflin Foundation is a registered charity in United States, based in Valencia, CA. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 December 2023, Michael Hoefflin Foundation reported income of $263k and spending of $225k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $397k to $263k (-34%), an average of -9.7% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Michael Hoefflin Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include A Betor Way ($263k), Society for the Neural Control of Movement ($263k) and Down Syndrome Network Inc ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $71k. At year end it held assets of $705k against liabilities of $8,045, net assets of $697k. It reported 2 employees.