Haymakers for Hope Inc

Analysis

Haymakers for Hope Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 June 2023, Haymakers for Hope Inc reported income of $4.8m and spending of $4.2m, spending 88% of its income. Across the 6 years on record, from June 2019 to June 2023, income grew from $2.9m to $4.8m (+68%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 548%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Haymakers for Hope Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include W O Walker Center Inc ($4.8m), Miracle Foundation Inc ($4.8m) and Healthie Nevada ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $651k (15% of expenses). Other salaries and wages came to $462k. At year end it held assets of $1.1m against liabilities of $206k, net assets of $916k. It reported 13 employees.