Hawkwing Inc

Analysis

Hawkwing Inc is a registered charity in United States, based in Glastonbury, CT. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hawkwing Inc reported income of $109k and spending of $111k, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $777k to $109k (-86%), an average of -32% a year. The sharpest change came in the year to December 2022, when income dropped by 84%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hawkwing Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within CT. Charities of a similar size with the same main cause include United Chinese Society of Hawaii the Chun Wa Hui Quon ($109k), Karens Kids ($109k) and Friends of the Childrens Network of Stark County Inc ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.