Hacker Initiative

Analysis

Hacker Initiative is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hacker Initiative reported income of $142k and spending of $95k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $142k (-94%), an average of -50% a year. The sharpest change came in the year to December 2020, when income dropped by 86%. Over the whole period it spent 17% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hacker Initiative sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Indian Lake Elementary School PTO ($142k), Avon High School Band Boosters ($142k) and Pendleton Junior Livestock Show ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.