Hannahs Place Inc

Analysis

Hannahs Place Inc is a registered charity in United States, based in Roanoke Rapid, NC. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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, Hannahs Place Inc reported income of $540k and spending of $464k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $254k to $540k (+113%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hannahs Place Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include The Nicholson Project ($540k), Trinity Hill Child Care Center Inc ($540k) and Christian Retirement Home Inc ($540k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $63k (14% of expenses). Other salaries and wages came to $181k. At year end it held assets of $176k against liabilities of $40k, net assets of $135k. It reported 20 employees.