Happy Hope Foundation Inc

Analysis

Happy Hope Foundation Inc is a registered charity in United States, based in West Wareham, MA. It received its IRS tax-exemption ruling in March 2013, 13 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 (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 Hope Foundation Inc reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.2m (-6.5%), an average of -1.7% a year. The sharpest change came in the year to December 2022, when income rose by 135%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Happy Hope Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include A Step Ahead Foundation of Middle Tennessee Inc ($1.2m), The Swinerton Foundation ($1.2m) and Manatee Memorial Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $369k (30% of expenses). Other salaries and wages came to $134k. At year end it held assets of $491k against liabilities of $121k, net assets of $370k. It reported 9 employees.