Sharing and Caring Hands Inc

Analysis

Sharing and Caring Hands Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 1986, 40 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, Sharing and Caring Hands Inc reported income of $17.2m and spending of $12.0m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $18.2m to $17.2m (-5.6%), an average of -1.4% a year. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sharing and Caring Hands Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Mercer County Behavioral Health Commission Inc ($17.2m), Child and Family Agency of Southeastern Connecticut Inc ($17.2m) and Touchstone Mental Health ($17.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $259k (2.2% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $65.6m against liabilities of $169k, net assets of $65.4m. It reported 26 employees.