Hands to Hands Community Fund

Analysis

Hands to Hands Community Fund is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in May 2011, 15 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 2023, Hands to Hands Community Fund reported income of $713k and spending of $670k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $798k to $713k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2020, when income rose by 100%. Over the whole period it spent 70% 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 to Hands Community Fund sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include LL Foundation for Youth ($712k), United Way of Washington County Maryland Inc ($713k) and Fort Wayne Jewish Federation ($711k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $61k (9.1% of expenses). At year end it held assets of $3.2m against liabilities of $178, net assets of $3.2m. It reported 1 employees.