Hands of Hope Medical Clinic

Analysis

Hands of Hope Medical Clinic is a registered charity in United States, based in Yadkinville, NC. It received its IRS tax-exemption ruling in October 2024, 2 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hands of Hope Medical Clinic reported income of $310k and spending of $354k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $397k to $310k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hands of Hope Medical Clinic sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Rock County Cancer Coalition ($310k), West Central Inc ($310k) and New Hope Counseling Services Incorporated ($310k).

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 $112k (31% of expenses). Other salaries and wages came to $58k. At year end it held assets of $92k against liabilities of $0, net assets of $92k. It reported 7 employees.