Hatch Inc

Analysis

Hatch Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Hatch Inc reported income of $3.3m and spending of $3.4m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $319k to $3.3m (+921%), an average of +79% a year. The sharpest change came in the year to December 2022, when income rose by 409%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hatch Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Travelers Aid International Inc ($3.3m), Southern Oregon Friends of Hospice ($3.3m) and Senior Center Resources and Public Transit Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $344k (10.0% of expenses). Other salaries and wages came to $293k. At year end it held assets of $807k against liabilities of $1.0m, net assets of -$229k. It reported 8 employees.