American Friends of Happy Hearts Inc

Analysis

American Friends of Happy Hearts Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, American Friends of Happy Hearts Inc reported income of $180k and spending of $180k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $8,280 to $180k (+2078%), an average of +2078% a year. The sharpest change came in the year to December 2023, when income rose by 2078%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Friends of Happy Hearts Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Florida Family Child Care Home Association Inc ($180k), National Society of Black Certified Public Accountants Inc ($180k) and Housing Options Inc ($180k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,880 against liabilities of $0, net assets of $8,880.