Hike for Mental Health Inc

Analysis

Hike for Mental Health Inc is a registered charity in United States, based in Friendswood, TX. It received its IRS tax-exemption ruling in February 2012, 14 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, Hike for Mental Health Inc reported income of $110k and spending of $104k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $131k to $110k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hike for Mental Health Inc 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 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include United Way of Sullivan County Inc ($110k), SCHLC Inc ($110k) and Portsmouth Service League Incorporated ($110k).

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 $108k against liabilities of $87k, net assets of $22k.