Hyderi Foundation of North America Inc

Analysis

Hyderi Foundation of North America Inc is a registered charity in United States, based in Commerce TWP, MI. It received its IRS tax-exemption ruling in June 1992, 34 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hyderi Foundation of North America Inc reported income of $955k and spending of $69k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $184k to $955k (+419%), an average of +51% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 15% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hyderi Foundation of North America Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Sidney & Helen Correll Ministries Inc ($955k), Druid Hills Youth Sports Inc ($955k) and Valley Housing Coalition ($955k).

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 $4.9m against liabilities of $1.0m, net assets of $3.9m.