HSDL LLC

Analysis

HSDL LLC is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in June 2016, 10 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 December 2023, HSDL LLC reported income of $14.1m and spending of $13.1m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.1m to $14.1m (+7.6%), an average of +1.8% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, HSDL LLC sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within UT. Charities of a similar size with the same main cause include Hill Center Inc ($14.1m), New Jersey Institute of Technology Foundation ($14.1m) and Nli USA Inc ($14.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $4.6m against liabilities of $426k, net assets of $4.2m. It reported 5 employees.