Happy Homes Inc

Analysis

Happy Homes Inc is a registered charity in United States, based in Summerville, SC. It received its IRS tax-exemption ruling in July 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Happy Homes Inc reported income of $140k and spending of $145k, spending 104% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $162k to $140k (-14%), an average of -14% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Happy Homes Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 51st percentile within SC. Charities of a similar size with the same main cause include Abbas House of Welcome ($140k), Teens at Work Inc ($140k) and Mesquite Works Inc ($140k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $404k against liabilities of $362k, net assets of $42k.