World Happiness Foundation Inc

Analysis

World Happiness Foundation Inc is a registered charity in United States, based in Pinecrest, FL. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, World Happiness Foundation Inc reported income of $194k and spending of $201k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $193k to $194k (+0.6%), an average of +0.6% a year. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, World Happiness Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Family Life Lifters Inc ($194k), Westside Community Action Network Inc ($194k) and Jacksonville Main St ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. At year end it held assets of -$6,965 against liabilities of $483, net assets of -$7,448.