HACK FOUNDATION

W HOLLYWOOD, CA, 90069-4109 (855) 625-4225 Est. 2016 EIN 81-2908499
U41 - Computer Science 990 - Public charity return 501(c)(3)
hackclub.com

Mission

THE HACK FOUNDATION, D.B.A. HACK CLUB (HACK CLUB OR ORGANIZATION) IS A NOT-FOR PROFIT ORGANIZATION FORMED IN 2016 TO HELP CREATE THE HIGHLY TECHNICAL PROBLEM SOLVERS OF TOMORROW BY ENGAGING TEENAGE PROGRAMMERS IN A WORLDWIDE NETWORK OF PEERS. THROUGH BUILDING OPEN SOURCE PROJECTS THEY'RE PROUD OF, FORMING LIFE-LONG FRIENDSHIPS, AND GAINING LIFE SKILLS THROUGH GOING ON INCREDIBLE ADVENTURES LIKE HACKATHONS. HACK CLUB RECEIVES SUPPORT AND REVENUE PRIMARILY FROM DONATIONS. HACK CLUB'S FISCAL SPONSORSHIP ACTIVITIES EXPANDED TO COVER A BROADER ARRAY OF CHARITABLE AND EDUCATIONAL ACTIVITIES IN 2023. HACK CLUB APPLIES THE SAME PRINCIPLES AND PROCEDURES IT DEVELOPED AS A SPONSOR TO CODING CLUBS TO HAVE A BROADER IMPACT ON A GREATER ARRAY OF ISSUE AREAS. HACK CLUB RETAINS ULTIMATE SUPERVISORY AUTHORITY OVER ITS PROJECTS AND REQUIRES ITS PROJECTS TO OPERATE IN A MANNER CONSISTENT WITH THE REQUIREMENTS OF 501(C)(3), WHILE EMPOWERING THEM TO USE THEIR INITIATIVE AND ENERGY TO ADVANCE THEIR MISSION

Financials

Total Revenue
$22,351,707
Total Expenses
$14,214,400
Net Assets
$18,308,371
69 employees 2 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
15.5 months Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 96.8%
Expenses ↑ 136.2%
Revenue Sources
Contributions 95.4% Earned revenue 3.6% Investment 1.0%
Expense Breakdown
Program 93.8% Management 4.2% Fundraising 2.0%

Officers & Key Employees (5)

Individual compensation is available on Grow plans.

Grants Received (105)

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Filing History (6 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$22,351,707 ↑$14,214,400$18,308,371
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$11,357,856 ↑$6,018,628$10,126,086
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$4,974,838 ↑$3,170,440$4,757,742
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$1,600,932 ↑$1,413,912$1,449,600
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$285,026 ↑$202,132$90,835
2017 990-EZ - Short-form return
Jan 1, 2017 to Dec 31, 2017
$38,167 $115,803$7,406

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EIN: 81-2908499 · Source: IRS Form 990 e-file data