Open Hand Atlanta Inc

Analysis

Open Hand Atlanta Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in March 1989, 37 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Open Hand Atlanta Inc reported income of $23.0m and spending of $14.1m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.9m to $23.0m (+78%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Hand Atlanta Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include LA Casa de Don Pedro Inc ($23.0m), Opengate Inc ($23.1m) and Montgomery Community Action Committee ($23.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $835k (5.9% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $25.9m against liabilities of $4.6m, net assets of $21.3m. It reported 164 employees.