HVS Corp

Analysis

HVS Corp is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, HVS Corp reported income of $1.6m and spending of $1.3m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.6m (+31%), an average of +7.0% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, HVS Corp sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Cristo Rey Fort Worth Study Program Inc ($1.6m), Industry Initiatives for Science and Math Education ($1.6m) and Family Leadership Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 76% of the total. Other salaries and wages came to $396k. At year end it held assets of $2.8m against liabilities of $35k, net assets of $2.8m. It reported 28 employees.