Hacd Corp

Analysis

Hacd Corp is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in August 1993, 33 years ago. 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, Hacd Corp reported income of $1.5m and spending of $1.0m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $678k to $1.5m (+128%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hacd Corp sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Jewish Federation of Reading Pennsylvania Inc ($1.5m), The Whatcom Dispute Resolution Center ($1.5m) and Family Service Association Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 61% of the total. Other salaries and wages came to $18k. At year end it held assets of $3.8m against liabilities of $39k, net assets of $3.7m.