Hack Reduce Inc

Analysis

Hack Reduce Inc is a registered charity in United States, based in Arlington, MA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Hack Reduce Inc reported income of $306k and spending of $281k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $265k to $306k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hack Reduce Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Bocon Inc ($306k), Albemarle County Historical Society Inc ($306k) and Achievement Rewards for College Scientist Fndatn Metro Wash CHPTR ($306k).

At year end it held assets of $47k against liabilities of $185k, net assets of -$138k.