Hyas Inspires

Analysis

Hyas Inspires is a registered charity in United States, based in N Lauderdale, FL. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Hyas Inspires reported income of $541k and spending of $469k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $236k to $541k (+129%), an average of +129% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hyas Inspires sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Mt Diablo Interpretive Assoc ($541k), Arlington County Fair Inc ($541k) and Claymakers Arts Community Inc ($541k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.