Haklax

Analysis

Haklax is a registered charity in United States, based in Kingwood, TX. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 July 2024, Haklax reported income of $119k and spending of $114k, spending 96% of its income. Across the 2 years on record, from July 2023 to July 2024, income grew from $114k to $119k (+4.4%), an average of +4.4% a year. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Haklax sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include Little League Baseball Inc ($119k), Beach Buccaneer Youth Club ($119k) and Antioch Youth Sports Complex Corporation ($119k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 14% and program service revenue 68% of the total. At year end it held assets of $166k against liabilities of $0, net assets of $166k.