Happy Lungs Project

Analysis

Happy Lungs Project is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 Lungs Project reported income of $363k and spending of $624k, spending 172% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $217k to $363k (+67%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 325%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Happy Lungs Project sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Genesis Project Inc ($363k), Embracing Futures Inc ($363k) and Mountain State Congress of Optometry Inc ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $103k. At year end it held assets of $466k against liabilities of $0, net assets of $466k. It reported 2 employees.