Hack the Hood Inc

Analysis

Hack the Hood Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Hack the Hood Inc reported income of $1.5m and spending of $1.7m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $830k to $1.5m (+79%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 123% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hack the Hood Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Conspirare Inc ($1.5m), Tinworks Art ($1.5m) and Palo Alto Art Center Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $320k (18% of expenses). Other salaries and wages came to $848k. At year end it held assets of $578k against liabilities of $345k, net assets of $233k. It reported 12 employees.