Project Lend a Hand Inc

Analysis

Project Lend a Hand Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Project Lend a Hand Inc reported income of $77k and spending of $102k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $136k to $77k (-44%), an average of -13% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Lend a Hand Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Young Center for Academic & Cultural Enrichment ($77k), One Family Gives ($77k) and Feed the City Inc ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.