Hype Foundation Inc

Analysis

Hype Foundation Inc is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in October 2015, 11 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, Hype Foundation Inc reported income of $5.8m and spending of $5.6m, spending 98% of its income. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hype Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Family and Workforce Centers of America ($5.8m), Creative Images Incorporated ($5.8m) and Share Our Spare ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $521k. At year end it held assets of $1.3m against liabilities of $1.1m, net assets of $239k. It reported 15 employees.