Foundation of the Hospitality Sales and Marketing Association Internat

Analysis

Foundation of the Hospitality Sales and Marketing Association Internat is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation of the Hospitality Sales and Marketing Association Internat reported income of $786k and spending of $295k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $241k to $786k (+226%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 210%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Foundation of the Hospitality Sales and Marketing Association Internat sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include San Diego Organizing Project ($786k), Cobb Collaborative Inc ($787k) and American Society of Access Professionals Asap ($785k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $685k against liabilities of $1,187, net assets of $684k.