Hwo Inc

Analysis

Hwo Inc is a registered charity in United States, based in Winter Garden, FL. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Hwo Inc reported income of $2.9m and spending of $3.1m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $100k to $2.9m (+2750%), an average of +131% a year. The sharpest change came in the year to September 2020, when income rose by 51664%. Over the whole period it spent 7.1% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hwo Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Humboldt Neurohealth Therapeutic Services ($2.9m), Vna Health Foundation ($2.9m) and Dental Connections Inc ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $459k (15% of expenses). Other salaries and wages came to $255k. At year end it held assets of $92.7m against liabilities of $3.1m, net assets of $89.6m. It reported 11 employees.