Open Hands Midway Inc

Analysis

Open Hands Midway Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 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, Open Hands Midway Inc reported income of $502k and spending of $498k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $398k to $502k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Hands Midway Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Lorenzos House ($502k), Threshold Montessori School ($502k) and Lewisburg Area Child Care Center ($502k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (8.0% of expenses). Other salaries and wages came to $13k. At year end it held assets of $319k against liabilities of $1,587, net assets of $318k. It reported 2 employees.