Hugz4haiti

Analysis

Hugz4haiti is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hugz4haiti reported income of $55k and spending of $54k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $55k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hugz4haiti sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within CT. Charities of a similar size with the same main cause include Northern Kentucky Medical Foundation Inc ($55k), Portage Rotary Charities ($55k) and Circleville Boosters for Private Funding Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $888 against liabilities of $0, net assets of $888.