Hands Across the Sea Inc

Analysis

Hands Across the Sea Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hands Across the Sea Inc reported income of $590k and spending of $690k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $567k to $590k (+4.1%), an average of +1.0% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hands Across the Sea Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Pennsylvania Osteopathic Medical Association Foundation ($590k), Valeo CRP Inc ($590k) and Booth Manor of St Louis Inc ($590k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $150k (22% of expenses). Other salaries and wages came to $10k. At year end it held assets of $509k against liabilities of $11k, net assets of $498k. It reported 1 employees.