Hat Club

Analysis

Hat Club is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in August 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hat Club reported income of $216k and spending of $251k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $163k to $216k (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2022, when income rose by 1293%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hat Club sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within AR. Charities of a similar size with the same main cause include E J and Lenore Kaiser and David E Gerlach Foundation ($216k), Lake County Sheriffs Charities Inc ($216k) and Hats and Mittens Association ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $9,701 against liabilities of $0, net assets of $9,701.