Caring Hands Outreach Center Inc

Analysis

Caring Hands Outreach Center Inc is a registered charity in United States, based in Altoona, IA. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Caring Hands Outreach Center Inc reported income of $960k and spending of $1.1m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $563k to $960k (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caring Hands Outreach Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within IA. Charities of a similar size with the same main cause include Rosewood Support Services Inc ($960k), Essex County Arc Facilities Inc ($961k) and Abundant Life Community Development Corporation Inc ($960k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $72k (6.7% of expenses). Other salaries and wages came to $369k. At year end it held assets of $3.1m against liabilities of $2.1m, net assets of $988k. It reported 15 employees.