Masters Hands Inc NFP

Analysis

Masters Hands Inc NFP is a registered charity in United States, based in Olney, IL. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Masters Hands Inc NFP reported income of $112k and spending of $118k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $112k (+2.4%), an average of +2.4% a year. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Masters Hands Inc NFP sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include Wooster Elks Lodge No 1346 Charitable Fund ($112k), Neighbor to Neighbor Network a Njnonprofit Corporation ($112k) and Apa Committee ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $201k against liabilities of $117k, net assets of $83k.