Hugaroo Inc

Analysis

Hugaroo Inc is a registered charity in United States, based in Fort Mill, SC. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hugaroo Inc reported income of $202k and spending of $196k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $182k to $202k (+11%), an average of +11% a year. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hugaroo Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 59th percentile within SC. Charities of a similar size with the same main cause include Country Living Learning Center ($202k), Helping Elders Live Productively ($202k) and Kinneret Council on Aging Inc ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $119k against liabilities of $3,103, net assets of $116k.