Happiness Foundation

Analysis

Happiness Foundation is a registered charity in United States, based in Comanche, OK. It received its IRS tax-exemption ruling in December 1971, 55 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Happiness Foundation reported income of $352k and spending of $213k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $383k to $352k (-8.3%), an average of -2.1% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Happiness Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within OK. Charities of a similar size with the same main cause include Mufutuli Inc ($352k), Mission Compassion Inc ($352k) and Valley Sober Charities Inc ($351k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $52k. At year end it held assets of $501k against liabilities of $0, net assets of $501k. It reported 2 employees.