Hmong Institute Incorporated

Analysis

Hmong Institute Incorporated is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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, Hmong Institute Incorporated reported income of $1.4m and spending of $1.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $224k to $1.4m (+529%), an average of +58% a year. The sharpest change came in the year to December 2020, when income rose by 242%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hmong Institute Incorporated sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Friends of Arachim Inc ($1.4m), Coalition on AIDS in Passaic County Inc ($1.4m) and Global Pearls LLC ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $173k (13% of expenses). Other salaries and wages came to $489k. At year end it held assets of $223k against liabilities of $46k, net assets of $178k. It reported 25 employees.