Hearing Loss Association of America Inc

Analysis

Hearing Loss Association of America Inc is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover human services, 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 August 2023, Hearing Loss Association of America Inc reported income of $2.2m and spending of $2.5m, spending 113% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.3m to $2.2m (-4.2%), an average of -1.1% a year. The sharpest change came in the year to August 2023, when income dropped by 19%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hearing Loss Association of America Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Capital Milestone Child Care Inc ($2.2m), Hilltop Lutheran Neighborhood Center Inc ($2.2m) and Growing Places Garden Project Inc ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 79% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $213k (8.4% of expenses). Other salaries and wages came to $880k. At year end it held assets of $6.0m against liabilities of $1.3m, net assets of $4.7m. It reported 16 employees.