Hat Packs

Analysis

Hat Packs is a registered charity in United States, based in Hatboro, PA. It received its IRS tax-exemption ruling in March 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, Hat Packs reported income of $65k and spending of $77k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $35k to $65k (+85%), an average of +85% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 132% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hat Packs sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within PA. Charities of a similar size with the same main cause include Buffalo Immigrant and Refugee Leadership Team Inc ($65k), Corry Area Food Pantry ($65k) and Isanti County Beyond the Yellow Ribbon Inc ($65k).

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 $48k against liabilities of $0, net assets of $48k.