Hearts-And-Hands Inc

Analysis

Hearts-And-Hands Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Hearts-And-Hands Inc reported income of $186k and spending of $161k, spending 87% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $214k to $186k (-13%), an average of -13% a year. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hearts-And-Hands Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Huntsville Community of Hope ($186k), Givingbacklife Inc ($186k) and Brides Across America ($186k).

On its Form 990-EZ for the period ending August 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $183k against liabilities of $21k, net assets of $162k.