Hannahs Home

Analysis

Hannahs Home is a registered charity in United States, based in Mentor, OH. It received its IRS tax-exemption ruling in December 1998, 28 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, Hannahs Home reported income of $737k and spending of $494k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $268k to $737k (+175%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hannahs Home sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Ann K Kirby Foundation ($737k), Hub Urban Ministries ($737k) and Austins House ($737k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $68k (14% of expenses). Other salaries and wages came to $227k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 23 employees.