Hilarity for Charity

Analysis

Hilarity for Charity is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 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, Hilarity for Charity reported income of $3.4m and spending of $3.2m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $3.4m (+200%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hilarity for Charity sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Center for Alcohol & Drug Treatment ($3.4m), American Indian Cancer Foundation ($3.4m) and Healthy Start Coalition of St Lucie County Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $203k (6.4% of expenses). Other salaries and wages came to $635k. At year end it held assets of $2.2m against liabilities of $91k, net assets of $2.1m. It reported 7 employees.