Hats and Mittens Association

Analysis

Hats and Mittens Association is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in May 1999, 27 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 June 2024, Hats and Mittens Association reported income of $216k and spending of $183k, spending 85% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $97k to $216k (+123%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 65%. Over the whole period it spent 112% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hats and Mittens Association sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Sharing the Vision Inc ($216k), E J and Lenore Kaiser and David E Gerlach Foundation ($216k) and Media Cares Foundation Inc ($216k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% of the total. At year end it held assets of $216k against liabilities of $4, net assets of $216k.