Loris Hands Inc

Analysis

Loris Hands Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in March 2013, 13 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, Loris Hands Inc reported income of $457k and spending of $475k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $229k to $457k (+99%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loris Hands Inc 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 69th percentile, and in the 63rd percentile within DE. Charities of a similar size with the same main cause include Grace International Childrens Foundation USA Inc ($457k), Startup Colorado ($457k) and Comserv Foundation Founded by Wayne Williams ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $47k (9.9% of expenses). Other salaries and wages came to $295k. At year end it held assets of $508k against liabilities of $3,984, net assets of $504k. It reported 8 employees.