Generous Hands Inc

Analysis

Generous Hands Inc is a registered charity in United States, based in Vicksburg, MI. It received its IRS tax-exemption ruling in March 2005, 21 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 June 2024, Generous Hands Inc reported income of $254k and spending of $166k, leaving 35% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $202k to $254k (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Generous Hands Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Lto Ventures ($254k), BTST Cares Inc ($254k) and United Korean Association of Hawaii ($254k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $33k. At year end it held assets of $784k against liabilities of $78k, net assets of $706k. It reported 1 employees.