Happiness Club

Analysis

Happiness Club is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Happiness Club reported income of $112k and spending of $115k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $91k to $112k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2022, when income rose by 184%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Happiness Club sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include Emerging Pearls Foundation ($112k), Eagles Lacrosse ($112k) and Seacoast Soul Models ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Other salaries and wages came to $55k. At year end it held assets of $48k against liabilities of $17k, net assets of $32k. It reported 7 employees.