Philanthropy & Grantmaking
(T20)
990 on File
THE H HOVNANIAN FAMILY FOUNDATION
Financial strength (30%)
94/100
Reliability (20%)
55/100
Effectiveness (25%)
51/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2023
$11.9M
Total Revenue
$14.1M
Total Expenses
$205.7M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
86.1%
Fundraising Efficiency
N/A
Operating Reserve
175.15x
Liability-to-Asset
0.1%
Revenue Diversification
84.4%
Executive Compensation
$156K
Compared with Peers
FY 2023
Compared with 1,312 similar organizations
(United States, Philanthropy & Grantmaking, $10M–$100M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
86.1% | 92.2% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
175.2 mo | 71.3 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.1% | 2.3% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
84.4% | 89.9% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
8.5% | 1.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
5.5% | 10.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-18.3% | -0.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $11.9M | $14.1M | $205.7M | 86.1% | — |
| 2022 | $11.0M | $13.4M | $207.9M | 82.4% | — |
| 2021 | $84.7M | $8.7M | $210.2M | 73.3% | — |
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