Hiawatha Abc

Analysis

Hiawatha Abc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hiawatha Abc reported income of $1.3m and spending of $2.0m, spending 161% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.3m (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hiawatha Abc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include South Carolina First Steps to School Readiness Board of Trustees ($1.3m), North Idaho Christian High ($1.3m) and National Association of Educational Procurement ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $14.0m against liabilities of $16.9m, net assets of -$2.9m.