Hakshiva Inc

Analysis

Hakshiva Inc is a registered charity in United States, based in Cedarhurst, NY. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hakshiva Inc reported income of $238k and spending of $144k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $359k to $238k (-34%), an average of -9.7% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hakshiva Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Uplift Organization Inc ($238k), Babcock Center Foundation ($238k) and Kidtime Inc ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $107k against liabilities of $0, net assets of $107k.