Hip Hop Congress Inc

Analysis

Hip Hop Congress Inc is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in September 2001, 25 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 August 2023, Hip Hop Congress Inc reported income of $227k and spending of $254k, spending 112% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $193k to $227k (+18%), an average of +18% a year. The sharpest change came in the year to August 2023, when income rose by 18%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hip Hop Congress Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Basis Shavano Boosters Inc ($227k), Dawson High School Band Boostersinc ($227k) and The Rotary Club of Huntsville Foundation ($227k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $78k (31% of expenses). At year end it held assets of $37k against liabilities of $77, net assets of $37k.