Hellenic American University Inc

Analysis

Hellenic American University Inc is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Hellenic American University Inc reported income of $5.0m and spending of $4.9m, spending 99% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $3.7m to $5.0m (+35%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hellenic American University Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NH. Charities of a similar size with the same main cause include Ben Yehuda Academy ($5.0m), Verano Learning Partners ($5.0m) and Teachers of English to Speakers of Other Languages Inc ($5.0m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $373k (7.6% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.0m against liabilities of $2.2m, net assets of -$194k. It reported 2 employees.