The Way to Happiness Foundation International

Analysis

The Way to Happiness Foundation International is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in October 1993, 33 years ago. 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, The Way to Happiness Foundation International reported income of $736k and spending of $658k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $497k to $736k (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Way to Happiness Foundation International sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Boy Scouts of America ($736k), Art Center Association of Sioux City ($736k) and Nellie Agnew Bechtel Trust ($736k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $90k (14% of expenses). Other salaries and wages came to $135k. At year end it held assets of $171k against liabilities of $239k, net assets of -$68k. It reported 9 employees.