Handi-Shop Inc

Analysis

Handi-Shop Inc is a registered charity in United States, based in Mexico, MO. It received its IRS tax-exemption ruling in December 1972, 54 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 December 2023, Handi-Shop Inc reported income of $2.2m and spending of $1.2m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.2m (+115%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Handi-Shop Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within MO. Charities of a similar size with the same main cause include Nist Child Care Association Inc ($2.2m), Midwest Academy Inc ($2.2m) and Communities in Schools of Nova Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $115k (9.4% of expenses). Other salaries and wages came to $570k. It paid $178k in professional fundraising fees. At year end it held assets of $3.1m against liabilities of $35k, net assets of $3.0m. It reported 71 employees.