Able Hands Inc

Analysis

Able Hands Inc is a registered charity in United States, based in New Castle, DE. It received its IRS tax-exemption ruling in November 2010, 16 years ago. 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 2022, Able Hands Inc reported income of $555k and spending of $465k, spending 84% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $219k to $555k (+154%), an average of +154% a year. The sharpest change came in the year to December 2022, when income rose by 154%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Able Hands Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 67th percentile within DE. Charities of a similar size with the same main cause include Greenco Industries Foundation Inc ($555k), New Day Inc of Spartanburg ($555k) and Monsignor Adamski Village Housing Development Fund Company Inc ($554k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $214k. At year end it held assets of $212k against liabilities of $30k, net assets of $182k. It reported 2 employees.