Loving Hands Community Development Corporation

Analysis

Loving Hands Community Development Corporation is a registered charity in United States, based in Barnesville, GA. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Loving Hands Community Development Corporation reported income of $105k and spending of $109k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $105k (+11%), an average of +11% a year. Over the whole period it spent 115% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Loving Hands Community Development Corporation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within GA. Charities of a similar size with the same main cause include Mount Vernon Rosenwald School Building ($105k), Jefferson County Tourism Commission ($105k) and Helping Hands Community Resource Center ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $20k, net assets of $10k.