Hoya Foundation

Analysis

Hoya Foundation is a registered charity in United States, based in Wheat Ridge, CO. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 January 2024, Hoya Foundation reported income of $468k and spending of $472k, spending 101% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $423k to $468k (+11%), an average of +2.5% a year. The sharpest change came in the year to January 2022, when income rose by 32%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hoya Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within CO. Charities of a similar size with the same main cause include Stockade Works Inc ($468k), Pemiscot County Initiative Network ($468k) and Florida Economic Development Council Foundation ($467k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $81k (17% of expenses). Other salaries and wages came to $34k. At year end it held assets of $269k against liabilities of $16k, net assets of $253k. It reported 2 employees.