Hadrat David Inc

Analysis

Hadrat David Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hadrat David Inc reported income of $180k and spending of $178k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $121k to $180k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hadrat David Inc 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 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Leon M Fitch Shrine Hospital Trust State Street Bank & Trust Co ($180k), Premier America Foundation ($180k) and Friends of Shenendehowa Crew Inc ($180k).

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 $4,633 against liabilities of $430, net assets of $4,203.