Hospitality Employees Advancement and Training Inc

Analysis

Hospitality Employees Advancement and Training Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Hospitality Employees Advancement and Training Inc reported income of $128k and spending of $277k, spending 216% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $447k to $128k (-71%), an average of -34% a year. The sharpest change came in the year to June 2023, when income dropped by 63%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hospitality Employees Advancement and Training Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include Christian Womens Job Corp of Nacogdoches ($128k), Verona Community Center ($128k) and March 13 Fund ($128k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $333k against liabilities of $1,105, net assets of $332k.