Handicare Inc

Analysis

Handicare Inc is a registered charity in United States, based in Coralville, IA. It received its IRS tax-exemption ruling in March 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Handicare Inc reported income of $1.7m and spending of $1.9m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Handicare Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within IA. Charities of a similar size with the same main cause include Community Christian Academy Inc ($1.7m), The Educational Foundation of the University of South Carolina Lanca ($1.7m) and Upward Scholars ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $100k (5.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.5m against liabilities of $229k, net assets of $1.3m. It reported 56 employees.