Hand to Hold

Analysis

Hand to Hold is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 2011, 15 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, Hand to Hold reported income of $1.8m and spending of $1.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $816k to $1.8m (+124%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hand to Hold sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include St Raymonds Society ($1.8m), Glory Tabernacle Family Life Center Inc ($1.8m) and Drew Lewis Foundation Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $117k (6.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $423k against liabilities of $24k, net assets of $399k. It reported 42 employees.