Hammer & Nails Inc

Analysis

Hammer & Nails Inc is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Hammer & Nails Inc reported income of $201k and spending of $279k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $166k to $201k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hammer & Nails Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include SNHS Elderly Housing X ($201k), Greensboro Housing Development Partnership Inc ($201k) and Delhi Senior Housing Development Fund Company II Inc ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $44k (16% of expenses). Other salaries and wages came to $96k. At year end it held assets of $241k against liabilities of $0, net assets of $241k. It reported 5 employees.