Hands of Hope Foundation

Analysis

Hands of Hope Foundation is a registered charity in United States, based in Marion, IL. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover human services, 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, Hands of Hope Foundation reported income of $148k and spending of $132k, spending 89% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $185k to $148k (-20%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hands of Hope Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include Believers United for Progress ($148k), Plumbers and Steamfitters Local 598 Bikes for Tikes Charity ($148k) and Bike Saviours Cooperative Inc ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.