Hand in Hand Multicultural Center

Analysis

Hand in Hand Multicultural Center is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in February 2001, 25 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, Hand in Hand Multicultural Center reported income of $444k and spending of $516k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $444k (+108%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hand in Hand Multicultural Center sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within MO. Charities of a similar size with the same main cause include Foodright Inc ($444k), Fostering Family Ministries Inc ($444k) and Serenity House of Flint ($443k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $232k (45% of expenses). Other salaries and wages came to $46k. At year end it held assets of $335k against liabilities of $4,634, net assets of $331k. It reported 7 employees.