Hands of Hope USA

Analysis

Hands of Hope USA is a registered charity in United States, based in Vienna, VA. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hands of Hope USA reported income of $746k and spending of $923k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $746k (-58%), an average of -20% a year. The sharpest change came in the year to December 2022, when income rose by 98%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hands of Hope USA sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Committee for Acl NJCL National Latin Exam ($746k), High School Inc Academies Foundation ($746k) and Foundation for Allen Schools ($746k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $129k (14% of expenses). Other salaries and wages came to $340k. At year end it held assets of $218k against liabilities of $63k, net assets of $155k. It reported 13 employees.