Hand in Hand

Analysis

Hand in Hand is a registered charity in United States, based in Bettendorf, IA. It received its IRS tax-exemption ruling in December 2000, 26 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 June 2023, Hand in Hand reported income of $2.5m and spending of $1.9m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.5m (+131%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 130%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hand in Hand sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IA. Charities of a similar size with the same main cause include Catholic Charities of the Diocese of Gary Inc ($2.5m), Life Without Limbs ($2.5m) and North Bosque Volunteer Ems Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $97k (5.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.3m against liabilities of $378k, net assets of $2.9m. It reported 84 employees.