Hyp Plus Access Inc

Analysis

Hyp Plus Access Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hyp Plus Access Inc reported income of $237k and spending of $99k, leaving 58% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $15k to $237k (+1482%), an average of +1482% a year. The sharpest change came in the year to June 2023, when income rose by 1482%. Over the whole period it spent 42% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hyp Plus Access Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Elkin Emergency Rescue Squad Inc ($237k), International Association of Museum Facility Adminstrators ($237k) and Aspire Services Center ($237k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $3,500 (3.5% of expenses). At year end it held assets of $150k against liabilities of $2,643, net assets of $147k.