Hadi School NFP

Analysis

Hadi School NFP is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hadi School NFP reported income of $1.2m and spending of $1.1m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $855k to $1.2m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hadi School NFP sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include The Maranyundo Initiative Inc ($1.2m), Massachusetts Elks Scholarship Inc ($1.2m) and Copper Mountain College Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 73% of the total. Other salaries and wages came to $565k. At year end it held assets of $3.8m against liabilities of $2.4m, net assets of $1.4m. It reported 33 employees.