Friends of Happy Retreat Inc

Analysis

Friends of Happy Retreat Inc is a registered charity in United States, based in Charles Town, WV. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Friends of Happy Retreat Inc reported income of $145k and spending of $188k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $145k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 224%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Happy Retreat Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within WV. Charities of a similar size with the same main cause include Actors Center Inc ($145k), Archer County Museum & Arts Center Inc ($145k) and Slovenian Union of America ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 9.2% of the total. At year end it held assets of $882k against liabilities of $0, net assets of $882k.