Hva Foundation Inc

Analysis

Hva Foundation Inc is a registered charity in United States, based in Cornwall BRG, CT. It received its IRS tax-exemption ruling in October 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hva Foundation Inc reported income of $144k and spending of $48k, leaving 66% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $114k to $144k (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 266%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hva Foundation Inc 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 46th percentile, and in the 44th percentile within CT. Charities of a similar size with the same main cause include Mystic Islands Volunteer Fire Company Inc ($144k), Lutheran Services Property Inc ($144k) and Western Mass Emergency Medical Services Committee Inc ($144k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.