Hapco Music Foundation Inc

Analysis

Hapco Music Foundation Inc is a registered charity in United States, based in Winter Garden, FL. It received its IRS tax-exemption ruling in January 2002, 24 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 December 2023, Hapco Music Foundation Inc reported income of $118k and spending of $116k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $118k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hapco Music Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Ddso Foundation ($118k), Albert C Pierre Community Service Center Inc ($118k) and Montana Business Enterprises Inc ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.