Hands of Love Foundation Inc

Analysis

Hands of Love Foundation Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in March 2010, 16 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 April 2024, Hands of Love Foundation Inc reported income of $248k and spending of $278k, spending 112% of what it took in. Across the 6 years on record, from April 2019 to April 2024, income fell from $1.6m to $248k (-84%), an average of -31% a year. The sharpest change came in the year to April 2023, when income dropped by 72%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hands of Love Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within GA. Charities of a similar size with the same main cause include North Glendale Community Outreach Inc ($248k), Waco Downtown Farmers Market ($248k) and Wa-Id Volunteer Center Inc ($248k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1,566. At year end it held assets of $264k against liabilities of $0, net assets of $264k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.