Financial Information for The Hormel Foundation

The Hormel Foundation's annual revenue was $40.1M in tax year 2024, reported on their IRS Form 990. They spent $37.9M in total expenses. 98% went to programs and services.

Financial Breakdown

What is The Hormel Foundation's total annual expenses?

The Hormel Foundation spent $37.9M in tax year 2024, according to their IRS Form 990 filing.

How much of The Hormel Foundation's budget goes to programs?

The Hormel Foundation spent $37.0M (98% of expenses) on programs and services in tax year 2024.

How much does The Hormel Foundation spend on overhead?

The Hormel Foundation's overhead in tax year 2024 includes administrative (2%) and fundraising (0%) of their expenses.

What is The Hormel Foundation's net worth?

The Hormel Foundation had net assets of $858.6M as of the end of tax year 2024.

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View full The Hormel Foundation report

All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.