Hida Educational Foundation

Analysis

Hida Educational Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in February 1978, 48 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hida Educational Foundation reported income of $3.6m and spending of $3.8m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $3.6m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hida Educational Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Employment Resources Inc ($3.6m), Kingsport Chamber Foundation ($3.6m) and Lower Shore Enterprises Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $879k (23% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.1m against liabilities of $2.2m, net assets of $924k.