Handa Foundation Inc

Analysis

Handa Foundation Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in April 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Handa Foundation Inc reported income of $2.0m and spending of $2.1m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $2.0m (-1.4%), an average of -0.4% a year. The sharpest change came in the year to December 2021, when income dropped by 26%. 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, Handa Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Kenya Drylands Education Fund Incorporated ($2.0m), Muslim Response USA for Relief and Development ($2.0m) and Aruna Project ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $96k (4.6% of expenses). Other salaries and wages came to $825k. At year end it held assets of $402k against liabilities of $44k, net assets of $358k.