Hacking for Defense Incorporated

Analysis

Hacking for Defense Incorporated is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Hacking for Defense Incorporated reported income of $1.9m and spending of $2.3m, spending 120% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $972k to $1.9m (+98%), an average of +26% a year. The sharpest change came in the year to March 2021, when income rose by 131%. Over the whole period it spent 82% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Hacking for Defense Incorporated sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Mid Sussex Rescue Squad Inc ($1.9m), Mineral Springs Volunteer Fire Department Inc ($1.9m) and Vca Charities ($1.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $315k (14% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.6m against liabilities of $17k, net assets of $1.6m. It reported 18 employees.