Happy Factory Inc

Analysis

Happy Factory Inc is a registered charity in United States, based in Cedar City, UT. It received its IRS tax-exemption ruling in July 1998, 28 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, Happy Factory Inc reported income of $99k and spending of $62k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $99k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Happy Factory Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within UT. Charities of a similar size with the same main cause include Beyond Crowns ($99k), Kingdom Age International ($99k) and Haitian Relief Services Inc ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 39% of the total. At year end it held assets of $645k against liabilities of $0, net assets of $645k.