Hand Papermaking Inc

Analysis

Hand Papermaking Inc is a registered charity in United States, based in Mendota, MN. It received its IRS tax-exemption ruling in November 1988, 38 years ago. 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, Hand Papermaking Inc reported income of $187k and spending of $129k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $187k (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 265%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hand Papermaking Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within MN. Charities of a similar size with the same main cause include Trustees of Purdue University ($187k), Rotary International District 5450 Inc ($187k) and Soil and Water Conservation Society ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $53k (41% of expenses). Other salaries and wages came to $25k. At year end it held assets of $506k against liabilities of $0, net assets of $506k. It reported 1 employees.