The Hadanou Collective

Analysis

The Hadanou Collective is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Hadanou Collective reported income of $5.8m and spending of $4.8m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $5.8m (+402%), an average of +50% a year. The sharpest change came in the year to June 2021, when income rose by 204%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Hadanou Collective sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Northwest Commission on Colleges and Universities ($5.8m), Academy Prep Foundation Inc ($5.8m) and Metro East Web Academy ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $165k (3.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.8m against liabilities of $17k, net assets of $2.8m. It reported 37 employees.