Hias Inc

Analysis

Hias Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in September 1954, 72 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 September 2023, Hias Inc reported income of $88.1m and spending of $131.0m, spending 149% of what it took in. Across the 5 years on record, from December 2019 to September 2023, income grew from $55.6m to $88.1m (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hias Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Carnegie Endowment for International Peace ($86.8m), Palestine Childrens Relief Fund ($92.2m) and American Society for Technion- Israel Institute of Technology Inc ($86.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $1.5m (1.1% of expenses). Other salaries and wages came to $25.9m. It paid $9,000 in professional fundraising fees. At year end it held assets of $94.7m against liabilities of $40.1m, net assets of $54.6m.