Hacia Scholarship Foundation

Analysis

Hacia Scholarship Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hacia Scholarship Foundation reported income of $435k and spending of $306k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $342k to $435k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2022, when income rose by 322%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hacia Scholarship Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include River Restoration Northwest Inc ($435k), Max Warburg Courage Curriculum Inc ($435k) and Carmel High School Ovation Inc ($435k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $558k against liabilities of $33k, net assets of $525k.