Happy Nara Foundation

Analysis

Happy Nara Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Happy Nara Foundation reported income of $68k and spending of $7,500, leaving 89% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $120k to $68k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 4.0% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Happy Nara Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include North Dakota American Legion Foundation ($68k), Cleveland Grays ($68k) and Segue Foundation Inc ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $180k against liabilities of $0, net assets of $180k.