The Potters Hands Foundation Inc

Analysis

The Potters Hands Foundation Inc is a registered charity in United States, based in Corning, NY. It received its IRS tax-exemption ruling in June 2014, 12 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, The Potters Hands Foundation Inc reported income of $440k and spending of $496k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $440k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Potters Hands Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Behind the Blue ($440k), Beyond the Brotherhood Inc ($441k) and Sustained Dialogue Institute ($440k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $82k (17% of expenses). Other salaries and wages came to $251k. At year end it held assets of $1.0m against liabilities of $18k, net assets of $1.0m. It reported 15 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.