Hands of Hope for Life

Analysis

Hands of Hope for Life is a registered charity in United States, based in Forest City, NC. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 for Life reported income of $195k and spending of $166k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $241k to $195k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hands of Hope for Life sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Sharing Down Syndrome Arizona ($195k), Wowc Inc ($195k) and Pennsylvania Association of Psychosocial Rehab Services Inc ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $69k. At year end it held assets of $224k against liabilities of $0, net assets of $224k. It reported 5 employees.