J-Hap Inc

Analysis

J-Hap Inc is a registered charity in United States, based in Golden Valley, MN. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, J-Hap Inc reported income of $580k and spending of $583k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $834k to $580k (-30%), an average of -8.7% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, J-Hap Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Luther House II Inc ($580k), Victory Gardens Inc ($580k) and Redwood Community for Christian Scientists Inc ($580k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 0.5% of the total. Other salaries and wages came to $98k. At year end it held assets of $1.9m against liabilities of $247k, net assets of $1.7m. It reported 7 employees.