Happy Reading Ministries Inc

Analysis

Happy Reading Ministries Inc is a registered charity in United States, based in Port Neches, TX. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Reading Ministries Inc reported income of $158k and spending of $135k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $158k (+295%), an average of +295% a year. The sharpest change came in the year to December 2023, when income rose by 295%. Over the whole period it spent 72% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Happy Reading Ministries Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Frances Paul TR No-319319 ($158k), Community Center of Lakewood Inc ($158k) and Olive Branch Outreach ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 32% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.