Hacheshbone the Budget Inc

Analysis

Hacheshbone the Budget Inc is a registered charity in United States, based in Spring Valley, NY. It received its IRS tax-exemption ruling in March 2017, 9 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, Hacheshbone the Budget Inc reported income of $125k and spending of $169k, spending 135% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $125k (+73%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hacheshbone the Budget Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Treasure Shop ($125k), Memphis Scottish Rite FDN Inc ($125k) and North Dakota Rural Electric Cooperatives Foundation ($125k).

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 $104k against liabilities of $69k, net assets of $35k.