Many Hands Inc

Analysis

Many Hands Inc is a registered charity in United States, based in Chevy Chase, MD. It received its IRS tax-exemption ruling in March 2004, 22 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 June 2024, Many Hands Inc reported income of $532k and spending of $355k, leaving 33% of income unspent that year. Across the 6 years on record, from December 2019 to June 2024, income grew from $345k to $532k (+54%), an average of +9.1% a year. The sharpest change came in the year to June 2023, when income rose by 734%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Many Hands Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MD. Charities of a similar size with the same main cause include 180 House Inc ($532k), Woodward Dream Cruise Inc ($533k) and Friends of the Truman Foundation ($532k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $295k against liabilities of $0, net assets of $295k.