Happy 50 Plus Foundation

Analysis

Happy 50 Plus Foundation is a registered charity in United States, based in El Monte, CA. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Happy 50 Plus Foundation reported income of $604k and spending of $575k, spending 95% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $179k to $604k (+237%), an average of +237% a year. The sharpest change came in the year to June 2024, when income rose by 237%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Happy 50 Plus Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Uplift Foundation ($604k), Impact 100 Louisville Inc ($604k) and Scentsy Family Foundation Inc ($604k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $141k (25% of expenses). Other salaries and wages came to $58k. At year end it held assets of $115k against liabilities of $1,108, net assets of $114k. It reported 4 employees.