Happy Life Childrens Home Inc

Analysis

Happy Life Childrens Home Inc is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Happy Life Childrens Home Inc reported income of $1.1m and spending of $1.7m, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $924k to $1.1m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Happy Life Childrens Home Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Haiti Kids School ($1.1m), The Gem Foundation ($1.1m) and Kybele Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $620k against liabilities of $0, net assets of $620k.