Happy Brew Inc

Analysis

Happy Brew Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 Brew Inc reported income of $987k and spending of $96k, leaving 90% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $543k to $987k (+82%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 6.4% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Happy Brew Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Health Care Systems Research Network ($986k), Global Colon Cancer Association ($987k) and Family Support Organization Ofhunterdon Somerset & Warren Countie ($986k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Other salaries and wages came to $9,420. At year end it held assets of $1.5m against liabilities of $1,977, net assets of $1.5m. It reported 20 employees.