Hands of Hope Resources for Homeless Families

Analysis

Hands of Hope Resources for Homeless Families is a registered charity in United States, based in Yuba City, CA. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Hands of Hope Resources for Homeless Families reported income of $1.1m and spending of $836k, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $398k to $1.1m (+165%), an average of +38% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hands of Hope Resources for Homeless Families sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include LA Gardens Community Association ($1.1m), Genesis Center North Texas Inc ($1.1m) and Vera French Housing Corporation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $68k (8.1% of expenses). Other salaries and wages came to $513k. At year end it held assets of $670k against liabilities of $0, net assets of $670k. It reported 26 employees.