Hoi Inc

Analysis

Hoi Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in January 1990, 36 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Hoi Inc reported income of $2.1m and spending of $2.3m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $2.1m (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hoi Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include American Friends of Shehebar Sephardic Center Incorporated ($2.1m), Junior Achievement of Greater New Orleans Inc ($2.1m) and Junior Achievement of North Central Ohio ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 11% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $4.0m against liabilities of $191k, net assets of $3.8m. It reported 5 employees.