Hospitality Charitable Foundation

Analysis

Hospitality Charitable Foundation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Hospitality Charitable Foundation reported income of $548k and spending of $333k, leaving 39% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $423k to $548k (+29%), an average of +9.0% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hospitality Charitable Foundation 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 75th percentile within NV. Charities of a similar size with the same main cause include The Crescent Academy ($548k), Indiana Baptist College Inc ($548k) and House of Champions ($548k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 21% of the total. Other salaries and wages came to $152k. At year end it held assets of $974k against liabilities of $3,390, net assets of $970k. It reported 2 employees.