9 HUGS FOUNDATION INC
MERRICK,
New York,
11566
EIN: 85-4303132
Philanthropy, Voluntarism and Grantmaking Foundations
MISSION
To act as a public foundation engaging in charitable and philanthropic activities and providing financial assistance for people in need and/or to assist other organization that are charitable and philanthropic in nature.
DEMOGRAPHIC
ADDRESS
1657 BRIDGE STREET
11566
COUNTY
nassau county, NY
ORGANIZATIONAL OVERVIEW & RANKINGS
9 HUGS FOUNDATION INC is a based in MERRICK, NY, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Public Foundations. Established in April 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $34,069.00, this ranks 612,109 among 2,656,690 nonprofits nationally (Top 24%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 46,845 out of 159,053 organizations in NY (Top 30%).
In nassau county, NY, the organization ranks 3,349 out of 11,589 nonprofits by assets (Top 29%), while locally in merrick, it stands at 54 among 213 organizations (Top 21%).
The organization reported annual revenue of $41,518.00, ranking 516,160 nationally (Top 20%) and 36,146 in NY (Top 23%).
Within its specific NTEE classification (T30 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 17,619 similar organizations, 9 HUGS FOUNDATION INC ranks 5,274 in assets (Top 30%) and 4,440 in revenue (Top 26%).
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T30: Public Foundations
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
3: $25,000 to $99,999
INCOME AMOUNT
$41,518.00
FORM 990 REVENUE AMOUNT
$41,518.00
RULING DATE
04/2021
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$34,069.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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