Hidabroot Corp

Analysis

Hidabroot Corp is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hidabroot Corp reported income of $896k and spending of $940k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $896k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hidabroot 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 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include The United Way of Clark Champaign and Madison Counties Ohio Inc ($896k), Volunteer Exempt Firefighters Benevolent Assn of Manhasset-Lakev ($897k) and Greater Cleveland Volunteers ($896k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 114% and program service revenue 1.8% of the total. At year end it held assets of $335k against liabilities of $181k, net assets of $154k.

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.