Hoyt Trust

Analysis

Hoyt Trust is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in July 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Hoyt Trust reported income of $3.5m and spending of $460k, leaving 87% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $372k to $3.5m (+847%), an average of +75% a year. The sharpest change came in the year to June 2024, when income rose by 455%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hoyt Trust sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Taskin Educational Organization ($3.5m), Migizi Communications Inc ($3.5m) and Compass Academy Charter School ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 7.1% of the total. At year end it held assets of $13.5m against liabilities of $10k, net assets of $13.5m.