Hands of Hope Inc

Analysis

Hands of Hope Inc is a registered charity in United States, based in Durant, OK. It received its IRS tax-exemption ruling in July 2003, 23 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, Hands of Hope Inc reported income of $2.3m and spending of $2.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.3m (-2.1%), an average of -0.5% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hands of Hope Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within OK. Charities of a similar size with the same main cause include Communities of Recovery Inc ($2.3m), Men and Women United for Youth and Families Inc ($2.3m) and United Way of Midland Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (1.7% of expenses). Other salaries and wages came to $56k. At year end it held assets of $419k against liabilities of $6,464, net assets of $412k. It reported 7 employees.