Friends of Haac Inc

Analysis

Friends of Haac Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Friends of Haac Inc reported income of $211k and spending of $4,997, leaving 98% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $513k to $211k (-59%), an average of -59% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Haac Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within VA. Charities of a similar size with the same main cause include Theta Lambda Alumni Association Inc ($211k), Cowboy Connection Ministries Inc ($211k) and American Friends of Mishkan Saul Inc ($211k).

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 $222k against liabilities of $13k, net assets of $208k.