Hands Across the Water Inc

Analysis

Hands Across the Water Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hands Across the Water Inc reported income of $3.5m and spending of $3.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.5m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hands Across the Water Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Aging Services Inc ($3.5m), Our Daily Bread Inc ($3.5m) and Away We Go Transport ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $83k (2.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $1.5m against liabilities of $328k, net assets of $1.1m. It reported 66 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.