Happy House Inc

Analysis

Happy House Inc is a registered charity in United States, based in Lake City, FL. It received its IRS tax-exemption ruling in September 1970, 56 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Happy House Inc reported income of $1.8m and spending of $1.5m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.8m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income dropped by 45%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Happy House Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Northeast Ohio SPCA Inc ($1.8m), Of Color Inc ($1.8m) and Harvest Home Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $114k (7.5% of expenses). Other salaries and wages came to $734k. At year end it held assets of $962k against liabilities of $60k, net assets of $902k. It reported 37 employees.