Hirani Platinum Corporation

Analysis

Hirani Platinum Corporation is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Hirani Platinum Corporation reported income of $7.7m and spending of $7.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $7.7m (+84%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hirani Platinum Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Young Mens Christian Assoc of Greenwich ($7.7m), Kulanu Academy ($7.7m) and Colorado Bluesky Enterprises Inc ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $314k (4.1% of expenses). Other salaries and wages came to $501k. At year end it held assets of $1.5m against liabilities of $1.3m, net assets of $204k. It reported 16 employees.