H FOUNDATION
Mission Statement
The H Foundation started out as a few friends with entrepreneurial spirit that decided they could make a difference in the fight against cancer. Every Summer The H Foundation hosts the Goombay Bash, a fundraising event under the disguise of a casual Caribbean-style party. Since 2001, The H Foundation has raised over $7 million donating nearly every dollar raised to the Robert H. Lurie Comprehensive Cancer Center of Northwestern University. These funds are used as seed money for basic science cancer research projects to help them compete for additional government or private funding. As a result, our donations have been leveraged into over $50 million of research dollars towards finding a cure. The H Foundation is an independent 501(c)3 non-profit organization. 100% of our funding comes from donations by generous businesses, communities, families, and individuals.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
75.2% | 83.5% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
24.7% | 10.0% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.2% | 0.0% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.2% | 15.8% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
1.8 mo | 11.9 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
11.2% | 0.6% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
106.9% | 93.4% |
P10P90
|
Bottom quarter |
|
Surplus margin
Surplus as a share of revenue
|
2.5% | 4.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $790K | $770K | $117K | 75.2% | 2 |
| 2023 | $683K | $735K | $59K | 78.6% | 0 |
| 2022 | $923K | $831K | $110K | 85.9% | 0 |
| 2021 | $236K | $312K | N/A | — | 0 |
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