Hatua Network Inc

Analysis

Hatua Network Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Hatua Network Inc reported income of $674k and spending of $521k, leaving 23% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income grew from $480k to $674k (+40%), an average of +18% a year. The sharpest change came in the year to September 2023, when income rose by 27%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hatua Network Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Sonoma County Bicycle Coalition ($674k), Dixie High School Foundation Inc ($674k) and State University of New York at One Lumni Association Inc ($674k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (7.7% of expenses). At year end it held assets of $396k against liabilities of $65k, net assets of $331k. It reported 1 employees.