Hayovel Inc

Analysis

Hayovel Inc is a registered charity in United States, based in Patterson, MO. It received its IRS tax-exemption ruling in March 2007, 19 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 December 2023, Hayovel Inc reported income of $4.5m and spending of $4.0m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $4.5m (+215%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 222%. Over the whole period it spent 90% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hayovel Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MO. Charities of a similar size with the same main cause include Kidsave International Inc ($4.5m), Cure Violence Global ($4.5m) and Link Global ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $79k (2.0% of expenses). Other salaries and wages came to $356k. At year end it held assets of $1.7m against liabilities of $124k, net assets of $1.6m. It reported 19 employees.