CharityWatch's rating of HIAS includes the financial activities of the HIAS U.S. and branch offices as well as the activities of its various controlled related entities that are consolidated in the HIAS audited financial statements for the year ended December 31, 2024. All intercompany transactions have been eliminated in the audit consolidation. According to the HIAS consolidated audit of December 31, 2024 (Note 1 re: U.S. Operations):
"In the United States, HIAS resettles and provides legal support for refugees and asylees, advocates for refugee rights, and engages our community network to support refugees. The refugee resettlement is done in collaboration with affiliates across the country." According to the HIAS consolidated audit of December 31, 2024 (Note 1 re: International Operations): "Internationally, HIAS works in twenty-one countries across Latin America and Africa-Eurasia focused on supporting cross-border refugees. HIAS implements programs around economic inclusion, gender equality, legal protection, mental health and psychosocial support, child protection and food security. It also responds to emergencies in Ukraine, Israel, and Chad." |
According to the HIAS consolidated audit of December 31, 2024 (Note 9, Contributions of Nonfinancial Assets): HIAS received contributions of nonfinancial assets during fiscal 2024 on which it placed a total value of $21,704,635. Of this amount, $15,433,561 was attributed to "Legal Services." [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
According to the HIAS consolidated audit of December 31, 2024 (Note 15, Related Party Transactions, HIAS Europe): "...During the year ended September 30, 2024, HIAS provided assistance to HIAS Europe totaling
$4,345,499 and provided payments totaling $4,815,309 for the different agreements indicated
below. During the year ended September 30, 2024, HIAS Europe supported HIAS' country
offices (Chad, Kenya and Greece) for a total of $937,476. As of September 30, 2024, HIAS has
recorded a net balance due to HIAS Europe totaling $387,594..." According to the HIAS consolidated audit of December 31, 2024 (Note 15, Related Party Transactions, HIAS Foundation): "In 2023, HIAS established the HIAS Foundation to manage and steward a permanent
endowment, intended to provide support to HIAS in perpetuity. HIAS Foundation is a separate
tax exempt 501(c)(3) nonprofit organization. During the year ended September 30, 2024, HIAS
made a conditional contribution to transfer additional endowment assets to HIAS Foundation
totaling approximately $7,300,000. Of this amount, $3,321,083, was recognized and transferred
to HIAS Foundation during the year ended September 30, 2024. During the year ended
September 30, 2024, HIAS Foundation made unconditional contributions to HIAS totaling
$17,200,000. HIAS does not exercise control over HIAS Foundation, nor does it have voting
power. Accordingly, HIAS Foundation’s financial statements have not been included in the
accompanying consolidated financial statements. As of September 30, 2024, a balance of
$17,683 was due from HIAS to HIAS Foundation." |
According to the HIAS consolidated audit of December 31, 2024 (Note 17, Subsequent Events): "...On January 24, 2025, HIAS was notified by the Federal Government that some of its awards to
HIAS were temporarily suspended. Subsequently, these temporarily suspended awards were
terminated; these terminations impacted six Federal awards that were active as of September 30,
2024, and the total unrecognized conditional amount of these awards as of the date of the
consolidated financial statements was approximately $8,540,000. Furthermore, there were five non-Federal awards terminated totaling $110,000.
As a result of these award terminations, HIAS has implemented cost-reduction measures, including
the layoff of approximately 38% of its global staff directly tied to the affected awards. In addition,
HIAS has closed two country offices and is planning on closing additional country offices by the end
of the year. Moreover, operations in the country offices that will remain open will be right-sized to
match its current level of activity..." |