Hmt-Vizag Inc

Analysis

Hmt-Vizag Inc is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Hmt-Vizag Inc reported income of $132k and spending of $161k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $166k to $132k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 113% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hmt-Vizag Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within MI. Charities of a similar size with the same main cause include Open Arms Foundation Inc ($132k), Friends of the House of Sweden ($132k) and Haiti Healthcare Partners ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.