Both Hands Foundation

Analysis

Both Hands Foundation is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in February 2009, 17 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, Both Hands Foundation reported income of $4.1m and spending of $3.0m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $4.1m (+96%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Both Hands Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Our House Incorporated ($4.1m), Mercer Residential Services Inc ($4.1m) and Hispanic Family Center Southern NJ Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $226k (7.6% of expenses). Other salaries and wages came to $282k. At year end it held assets of $4.5m against liabilities of $7,434, net assets of $4.5m. It reported 6 employees.