Hillvets Foundation is a 501(c)(19) organization based in Alexandria, Virginia, registered in 2015, with $357,152 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$357K
▼ 29.5% vs prior year
Public Benefit median: $140K
Expenses (FY2023)
$364K
Net assets
$160K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Hillvets Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hillvets Foundation: 5 mo reserves · -2% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Hillvets Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hillvets Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Revenue grew from $149K (FY2016) to $357K (FY2023) across 8 reported years.
Financial snapshot
Operating margin
-2.0%
Spent more than it raised in the latest fiscal year.
Total assets
$159K
Total liabilities
-$667
Net assets
$160K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $357,152▼29.5% | $364,166▼27.7% | $160,035▼4.0% | $159,368▼4.9% | 990 |
| 2022 | $506,429▲92.7% | $503,615▲24.8% | $166,750▲1.7% | $167,645▼15.2% | 990 |
| 2021 | $262,847▼39.7% | $403,682▲8.1% | $163,936▼46.2% | $197,636▼35.2% | 990 |
| 2020 | $436,246▼8.5% | $373,527▲8.4% | $304,771▲25.9% | $304,771▲25.9% | 990 |
| 2019 | $476,858▲75.0% | $344,593▲93.7% | $242,052▲120% | $242,052▲120% | 990 |
| 2018 | $272,420▲137% | $177,861▲32.4% | $109,787▲621% | $109,787▲621% | 990 |
| 2017 | $115,027▼22.8% | $134,300▲1.3% | $15,228▼55.9% | $15,228▼55.9% | 990EZ |
| 2016 | $148,940 | $132,517 | $34,501 | $34,501 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
20 grants to Hillvets Foundation totaling $700K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fisher House Foundation Inc | See part iv,type e | 2024 | $75,000 |
| Disabled American Veterans | Veterans services | 2024 | $60,000 |
| Disabled American Veterans | Veterans services | 2023 | $60,000 |
| Disabled American Veterans | Veterans services | 2022 | $50,000 |
| Wounded Warrior Project Inc | See schedule i, part iv | 2022 | $25,000 |
| Disabled American Veterans | Veterans services | 2021 | $50,000 |
| Veterans of Foreign Wars of the United States | Veterans service activities | 2021 | $10,000 |
| Wounded Warrior Project Inc | See schedule i, part iv | 2020 | $50,000 |
| Disabled American Veterans | Veterans services | 2020 | $25,000 |
| Disabled American Veterans | Veterans services | 2019 | $50,000 |
| Veterans of Foreign Wars of the United States | Veterans service activities | 2019 | $10,000 |
| Paralyzed Veterans of America | Organizational grant | 2019 | $5,000 |
| Wounded Warrior Project Inc | See schedule o | 2018 | $75,000 |
| Disabled American Veterans | Veterans services | 2018 | $15,000 |
| Veterans of Foreign Wars of the United States | Veterans service activities | 2018 | $10,000 |
Explore more
Data for Hillvets Foundation (EIN 47-3616097) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.