Happi Health
EIN: 821993081 · Huntsville, AL · NTEE: E22
| Metric | Value |
|---|---|
| Total Revenue | $6.1M |
| Total Expenses | $7.2M |
| Net Assets | $1.2M |
Is Happi Health Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Happi Health
Happi Health (EIN: 821993081) is a nonprofit organization based in Huntsville, AL, classified under NTEE code E22. The organization reported total revenue of $6.1M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Happi Health's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Happi Health is a mid-size nonprofit that has been operating for 8 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 98.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.2M |
| Total Expenses | $7.2M |
| Surplus / Deficit | $-1,003,610 |
| Total Assets | $4.4M |
| Total Liabilities | $3.2M |
| Net Assets | $1.2M |
| Operating Margin | -16.3% |
| Debt-to-Asset Ratio | 73.0% |
| Months of Reserves | 7.4 months |
Financial Health Grade: C
In 2023, Happi Health reported a deficit of $1.0M with expenses exceeding revenue, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 73.0% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Happi Health's revenue has grown at a compound annual growth rate (CAGR) of 98.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.5% | +19.9% | +72.7% |
| 2022 | +17.0% | +21.7% | +50.2% |
| 2021 | +46.8% | +75.0% | +57.3% |
| 2020 | +52.1% | +5.1% | +373.6% |
| 2019 | +2.9% | -1.1% | -22.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Happi Health has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Happi Health with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 73.0%.
Frequently Asked Questions about Happi Health
Is Happi Health a legitimate charity?
Based on AI analysis of IRS 990 filings, Happi Health (EIN: 821993081) insufficient data. 0 red flags identified, 0 strengths noted.
How does Happi Health spend its money?
Detailed spending breakdown data is not yet available for Happi Health. Check back for updated IRS 990 analysis.
Are donations to Happi Health tax-deductible?
Happi Health is registered as a tax-exempt nonprofit (EIN: 821993081). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Happi Health located?
Happi Health is headquartered in Huntsville, Alabama and files with the IRS under EIN 821993081. It is classified under NTEE code E22.
How many years of IRS 990 filings does Happi Health have?
Happi Health has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.1M in total revenue.
Filing History
IRS 990 filing history for Happi Health showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Happi Health's revenue has grown by 6061%, moving from $100K to $6.2M. Total assets increased by 1091.8% over the same period, from $371K to $4.4M. Total functional expenses rose by 15536.8%, from $46K to $7.2M. In its most recent filing year (2023), Happi Health reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $3.2M in liabilities against $4.4M in assets (debt-to-asset ratio: 73.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.2M | $7.2M | $4.4M | $3.2M | — | — |
| 2022 | $6.7M | $6.0M | $2.6M | $302K | — | View 990 |
| 2021 | $5.7M | $4.9M | $1.7M | $137K | — | View 990 |
| 2020 | $3.9M | $2.8M | $1.1M | $302K | — | — |
| 2019 | $2.5M | $2.7M | $229K | $518K | — | View 990 |
| 2018 | $2.5M | $2.7M | $293K | $463K | — | View 990 |
| 2017 | $100K | $46K | $371K | $317K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.2M, expenses of $7.2M, and assets of $4.4M (revenue -7.5% year-over-year).
- 2022: Revenue of $6.7M, expenses of $6.0M, and assets of $2.6M (revenue +17.0% year-over-year).
- 2021: Revenue of $5.7M, expenses of $4.9M, and assets of $1.7M (revenue +46.8% year-over-year).
- 2020: Revenue of $3.9M, expenses of $2.8M, and assets of $1.1M (revenue +52.1% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.7M, and assets of $229K (revenue +2.9% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.7M, and assets of $293K (revenue +2377.5% year-over-year).
- 2017: Revenue of $100K, expenses of $46K, and assets of $371K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Happi Health:
Data Sources and Methodology
This transparency report for Happi Health is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.