Holding Hands Resale Shop

Analysis

Holding Hands Resale Shop is a registered charity in United States, based in Oxford, MS. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Holding Hands Resale Shop reported income of $341k and spending of $331k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $245k to $341k (+39%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Holding Hands Resale Shop sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MS. Charities of a similar size with the same main cause include Current Project ($341k), Young Audiences of Northeast Texas Inc ($341k) and High Country Senior Citizens ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $211k. At year end it held assets of $149k against liabilities of $5,507, net assets of $143k. It reported 34 employees.