Happy Days Foundation Inc
EIN: 570963660 · Charleston, SC
| Metric | Value |
|---|---|
| Total Revenue | $28K |
| Total Expenses | $2K |
| Net Assets | $356K |
Is Happy Days Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Happy Days Foundation Inc
Happy Days Foundation Inc (EIN: 570963660) is a nonprofit organization based in Charleston, SC. The organization reported total revenue of $28K and total assets of $477K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Happy Days Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Happy Days Foundation Inc is a micro nonprofit that has been operating for 33 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -59.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $2K |
| Surplus / Deficit | +$10K |
| Total Assets | $356K |
| Net Assets | $356K |
| Operating Margin | 85.7% |
| Months of Reserves | 2483.4 months |
Financial Health Grade: A
In 2023, Happy Days Foundation Inc reported a surplus of $10K with revenue exceeding expenses, holds 2483.4 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Happy Days Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -59.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.7% | -7.2% | +12.2% |
| 2022 | -82.1% | +6.1% | -16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Happy Days Foundation Inc 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 Happy Days Foundation Inc 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 surplus of $10K, with revenue exceeding expenses.
Frequently Asked Questions about Happy Days Foundation Inc
Is Happy Days Foundation Inc a legitimate charity?
Happy Days Foundation Inc (EIN: 570963660) is a registered tax-exempt nonprofit based in South Carolina. It has 3 years of IRS 990 filings on record. Total revenue: $28K. No red flags identified. Financial health grade: A.
How does Happy Days Foundation Inc spend its money?
Happy Days Foundation Inc reported $28K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Happy Days Foundation Inc tax-deductible?
Happy Days Foundation Inc is registered as a tax-exempt nonprofit (EIN: 570963660). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Happy Days Foundation Inc located?
Happy Days Foundation Inc is headquartered in Charleston, South Carolina and files with the IRS under EIN 570963660.
How many years of IRS 990 filings does Happy Days Foundation Inc have?
Happy Days Foundation Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $28K in total revenue.
Filing History
IRS 990 filing history for Happy Days Foundation Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Happy Days Foundation Inc's revenue has declined by 83.3%, moving from $72K to $12K. Total assets decreased by 5.9% over the same period, from $378K to $356K. Total functional expenses fell by 1.5%, from $2K to $2K. In its most recent filing year (2023), Happy Days Foundation Inc reported a surplus of $10K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12K | $2K | $356K | $0 | — | — |
| 2022 | $13K | $2K | $317K | $0 | — | — |
| 2021 | $72K | $2K | $378K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $12K, expenses of $2K, and assets of $356K (revenue -6.7% year-over-year).
- 2022: Revenue of $13K, expenses of $2K, and assets of $317K (revenue -82.1% year-over-year).
- 2021: Revenue of $72K, expenses of $2K, and assets of $378K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Happy Days Foundation Inc:
Data Sources and Methodology
This transparency report for Happy Days Foundation Inc 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.