Hospitality Industry Education Foundation

Analysis

Hospitality Industry Education Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hospitality Industry Education Foundation reported income of $68k and spending of $56k, spending 82% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $431k to $68k (-84%), an average of -60% a year. The sharpest change came in the year to December 2022, when income dropped by 85%. Over the whole period it spent 31% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hospitality Industry Education Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 22nd percentile within NM. Charities of a similar size with the same main cause include Cherishing Life Youth Transformation Services ($68k), Battle Point Astronomical Association ($68k) and Delaware Chapter of the American College of Surgeons Inc ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Other salaries and wages came to $6,600. At year end it held assets of $510k against liabilities of $0, net assets of $510k.