Sharing Happiness Foundation

Analysis

Sharing Happiness Foundation is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Sharing Happiness Foundation reported income of $6.0m and spending of $5.5m, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.0m to $6.0m (+199%), an average of +199% a year. The sharpest change came in the year to December 2023, when income rose by 199%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sharing Happiness Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Corporation to Develop Communities of Tampa Inc ($6.0m), Communities in Schools of South Central Texas Inc ($6.0m) and Salesmanship Club Foundation ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $46k (0.8% of expenses). At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.