Open Hands of Davidson County Inc

Analysis

Open Hands of Davidson County Inc is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, 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 June 2023, Open Hands of Davidson County Inc reported income of $383k and spending of $309k, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $199k to $383k (+93%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Hands of Davidson County Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Diakonia ($383k), Financial Advocates of Southeast Idaho Inc ($383k) and Family Choices Inc ($383k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $131k. At year end it held assets of $195k against liabilities of $9,141, net assets of $186k. It reported 7 employees.