Happy Jacks Inc

Analysis

Happy Jacks Inc is a registered charity in United States, based in Kerrville, TX. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Happy Jacks Inc reported income of $1.5m and spending of $1.3m, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $770k to $1.5m (+88%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Happy Jacks Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Superior Communications ($1.4m), Lycee Franco-Americain International School Inc ($1.5m) and Leaves of Learning Inc ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 29% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $105k (7.8% of expenses). Other salaries and wages came to $506k. At year end it held assets of $179k against liabilities of $13k, net assets of $166k. It reported 39 employees.