Hacks Hackers

Analysis

Hacks Hackers is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hacks Hackers reported income of $3.6m and spending of $2.8m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $3.6m (+152%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 161%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hacks Hackers sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 76th percentile within DC. Charities of a similar size with the same main cause include Uncharted Shores Academy ($3.6m), Bridge Gate Community School ($3.6m) and Mingo Valley Christian School Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $658k (23% of expenses). Other salaries and wages came to $277k. At year end it held assets of $1.7m against liabilities of $8,962, net assets of $1.7m. It reported 18 employees.