Hype Athletics Community Inc

Analysis

Hype Athletics Community Inc is a registered charity in United States, based in Dearborn HTS, MI. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Hype Athletics Community Inc reported income of $4.0m and spending of $4.4m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $4.0m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 111% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hype Athletics Community Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include New Image Youth Center Inc ($4.0m), Girl Scouts Hornets Nest Council ($4.0m) and Project Sentinel ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $272k (6.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $9.8m against liabilities of $3.6m, net assets of $6.2m. It reported 178 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.