Hamativ Inc

Analysis

Hamativ Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Hamativ Inc reported income of $104k and spending of $113k, spending 109% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $105k to $104k (-0.7%), an average of -0.3% a year. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hamativ Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Our Lady of Kilgore ($104k), Freedom Fellowship of Pittsburgh ($104k) and Reaching the World Inc ($104k).

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 $65k against liabilities of $0, net assets of $65k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.