Hias Foundation Inc

Analysis

Hias Foundation Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in July 2022, 4 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 (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, Hias Foundation Inc reported income of $21.2m and spending of $475k, leaving 98% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $21.2m (+26866%), an average of +26866% a year. The sharpest change came in the year to December 2023, when income rose by 26866%. Over the whole period it spent 2.2% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hias Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Christel House International Inc ($21.1m), Eurasia Foundation Inc ($21.4m) and International House ($21.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $149k (31% of expenses). At year end it held assets of $22.0m against liabilities of $126k, net assets of $21.9m. It reported 1 employees.