V Hechzakta Bo

Analysis

V Hechzakta Bo is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in March 1990, 36 years ago. 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, V Hechzakta Bo reported income of $1.8m and spending of $1.8m, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $710k to $1.8m (+147%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 134%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, V Hechzakta Bo sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Sage Advocacy Center ($1.8m), From Ordinary to Extraordinary ($1.8m) and International Association of Sheet Metal Air Rail & Transporation ($1.8m).

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 $84k against liabilities of $0, net assets of $84k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.