Hips Road Inc

Analysis

Hips Road Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hips Road Inc reported income of $1.3m and spending of $1.0m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.3m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hips Road Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include National Black Law Students Association Inc ($1.3m), Allegheny Valley Assoc of Churches ($1.3m) and Stillwater Area Hockey Association ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $10k (1.0% of expenses). Other salaries and wages came to $2,250. At year end it held assets of $2.5m against liabilities of $20k, net assets of $2.4m. It reported 2 employees.