Hangout One Happy Place Inc

Analysis

Hangout One Happy Place Inc is a registered charity in United States, based in Baldwin, NY. It received its IRS tax-exemption ruling in May 2021, 5 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, Hangout One Happy Place Inc reported income of $81k and spending of $83k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $81k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hangout One Happy Place Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Share the Spirit Foundation Inc ($81k), Berkeley Aikikai ($81k) and Dodge Cares Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $19k against liabilities of $518, net assets of $18k.