By the Hand Club for Kids

Analysis

By the Hand Club for Kids is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2005, 21 years ago. 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 August 2023, By the Hand Club for Kids reported income of $13.7m and spending of $14.6m, spending 106% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $10.6m to $13.7m (+30%), an average of +6.8% a year. The sharpest change came in the year to August 2020, when income rose by 54%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, By the Hand Club for Kids sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Education Northwest ($13.7m), Foundation for Atlanta Veterans Education and Research Inc ($13.7m) and Boys and Girls Club of Utah County ($13.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $7.2m. It paid $78k in professional fundraising fees. At year end it held assets of $53.9m against liabilities of $16.2m, net assets of $37.7m. It reported 202 employees.