Hebret Mutual Aid Society Inc

Analysis

Hebret Mutual Aid Society Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hebret Mutual Aid Society Inc reported income of $555k and spending of $364k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $555k (+496%), an average of +496% a year. The sharpest change came in the year to December 2023, when income rose by 496%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hebret Mutual Aid Society Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Weekday Eastside Bridge ($555k), The Institute for the Advancement of Breastfeeding and Lactation Edu ($555k) and Axiom Education & Training Center ($555k).

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 $252k against liabilities of $0, net assets of $252k.