Team Hailey Hugs

Analysis

Team Hailey Hugs is a registered charity in United States, based in Bethel, ME. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Team Hailey Hugs reported income of $94k and spending of $87k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $94k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Team Hailey Hugs sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 28th percentile within ME. Charities of a similar size with the same main cause include Oakland County Alano Club Inc ($94k), Small Miracles ($94k) and Project Share VII Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.