Hannahs Home of South Florida Inc

Analysis

Hannahs Home of South Florida Inc is a registered charity in United States, based in Tequesta, FL. It received its IRS tax-exemption ruling in March 2003, 23 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 2022, Hannahs Home of South Florida Inc reported income of $789k and spending of $543k, leaving 31% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $339k to $789k (+133%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 77%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hannahs Home of South Florida Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Delta House Inc ($789k), Manna Ministeries Inc ($789k) and Arthur Project Inc ($788k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 86% and program service revenue 3.4% of the total. Other salaries and wages came to $291k. At year end it held assets of $1.7m against liabilities of $45k, net assets of $1.7m. It reported 20 employees.