Hands on Northwest North Carolina

Analysis

Hands on Northwest North Carolina is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Hands on Northwest North Carolina reported income of $280k and spending of $417k, spending 149% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $272k to $280k (+2.8%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 1061%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hands on Northwest North Carolina sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Ricky Martin Foundation Corp ($280k), Ponderosa High School Athletic Boosters Club ($280k) and Amani Christian Community Development Corp ($280k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 82% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $83k (20% of expenses). Other salaries and wages came to $112k. At year end it held assets of $829k against liabilities of $3,878, net assets of $826k. It reported 4 employees.