Hand in Hand Ministries Inc

Analysis

Hand in Hand Ministries Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Hand in Hand Ministries Inc reported income of $2.1m and spending of $2.3m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $2.1m (-2.7%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hand in Hand Ministries Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within KY. Charities of a similar size with the same main cause include Endure International Inc ($2.1m), St Pauls Methodist Foundation of Houston ($2.1m) and West Stanly Christian Ministries Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $93k (4.1% of expenses). Other salaries and wages came to $959k. At year end it held assets of $2.2m against liabilities of $310k, net assets of $1.9m. It reported 19 employees.