Hidaya Foundation

Analysis

Hidaya Foundation is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hidaya Foundation reported income of $15.5m and spending of $15.0m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.0m to $15.5m (+93%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hidaya Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Mission Metroplex Inc ($15.5m), Greater Tacoma Community Foundation ($15.5m) and Community Foundation of Greater Greensboro Inc ($15.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $303k (2.0% of expenses). Other salaries and wages came to $305k. At year end it held assets of $4.3m against liabilities of $7,808, net assets of $4.3m. It reported 16 employees.