Hibret Association

Analysis

Hibret Association is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2017, 9 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, Hibret Association reported income of $182k and spending of $181k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $73k to $182k (+147%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 183%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hibret Association sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within PA. Charities of a similar size with the same main cause include United Way of Nobles County ($182k), Anchorage Concert Foundation ($182k) and Hm3 Partners Independence Fund Inc ($182k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $146k against liabilities of $0, net assets of $146k.