Hips

Analysis

Hips is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1994, 32 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 September 2023, Hips reported income of $3.9m and spending of $3.8m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.7m to $3.9m (+46%), an average of +9.9% a year. The sharpest change came in the year to September 2021, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hips sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 77th percentile within DC. Charities of a similar size with the same main cause include Justice Catalyst Law Inc ($3.9m), Rolette Community Care Center ($3.9m) and Robertas House Inc ($3.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $142k (3.7% of expenses). At year end it held assets of $2.2m against liabilities of $347k, net assets of $1.9m. It reported 43 employees.