Happy S Farm Inc

Analysis

Happy S Farm Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Happy S Farm Inc reported income of $295k and spending of $287k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $225k to $295k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Happy S Farm Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Good Shepherd Child Development Center Inc ($295k), Childrens Advocacy Centers of Oklahoma Inc ($295k) and Les Amies Inc ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. At year end it held assets of $219k against liabilities of $0, net assets of $219k.