Hands of Hope for the Community Inc

Analysis

Hands of Hope for the Community Inc is a registered charity in United States, based in Edison, NJ. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 for the Community Inc reported income of $158k and spending of $81k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $158k (+67%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hands of Hope for the Community Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 56th percentile within NJ. Charities of a similar size with the same main cause include Forsyth Descendants Foundation Inc ($158k), Laurelwood Preschool Association ($158k) and Norwood Hills Charitable TR ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $289k against liabilities of $0, net assets of $289k.