World Hug Foundation Inc

Analysis

World Hug Foundation Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, World Hug Foundation Inc reported income of $89k and spending of $97k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $5,375 to $89k (+1560%), an average of +1560% a year. The sharpest change came in the year to December 2023, when income rose by 1560%. Over the whole period it spent 201% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, World Hug Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Friends of Angola ($89k), Friends of Briland Aid Inc ($89k) and Hospice of Hope US Inc ($89k).

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 $6,937 against liabilities of $379k, net assets of -$372k.