Hands Offering Hope Foundation Inc

Analysis

Hands Offering Hope Foundation Inc is a registered charity in United States, based in Trumbull, CT. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 September 2023, Hands Offering Hope Foundation Inc reported income of $442k and spending of $482k, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $295k to $442k (+50%), an average of +11% a year. The sharpest change came in the year to September 2020, when income rose by 104%. Over the whole period it spent 104% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hands Offering Hope Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include Siempre Unidos ($442k), Action Kivu Inc ($443k) and Manas Development Group ($442k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $43k (9.0% of expenses). Other salaries and wages came to $53k. At year end it held assets of $9,517 against liabilities of $107k, net assets of -$97k. It reported 5 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.