The Hokie Way Inc

Analysis

The Hokie Way Inc is a registered charity in United States, based in Salem, VA. It received its IRS tax-exemption ruling in August 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, The Hokie Way Inc reported income of $3.4m and spending of $3.4m, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $627k to $3.4m (+439%), an average of +439% a year. The sharpest change came in the year to December 2023, when income rose by 439%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Hokie Way Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include The Childrens Heart Foundation ($3.4m), United Way of Marathon County Inc ($3.4m) and Howard Young Foundation Inc ($3.4m).

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 $681k against liabilities of $225k, net assets of $456k.