Hypothekids Inc

Analysis

Hypothekids Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 August 2023, Hypothekids Inc reported income of $493k and spending of $471k, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $526k to $493k (-6.1%), an average of -1.6% a year. The sharpest change came in the year to August 2021, when income rose by 78%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hypothekids Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Oom Yung Doe@kirkland ($493k), Chebeague Recreation Center Inc ($493k) and Bryn du Commission ($493k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $325k. At year end it held assets of $650k against liabilities of $6,020, net assets of $644k.