Hand in Hand Child Development of Alvin Inc

Analysis

Hand in Hand Child Development of Alvin Inc is a registered charity in United States, based in Alvin, TX. It received its IRS tax-exemption ruling in August 1970, 56 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hand in Hand Child Development of Alvin Inc reported income of $690k and spending of $445k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $279k to $690k (+147%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hand in Hand Child Development of Alvin 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 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Better New Life Foundation ($690k), Willing Hearts Day Care ($690k) and St Nicholas Early Learning Inc ($690k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $39k (8.7% of expenses). Other salaries and wages came to $189k. At year end it held assets of $342k against liabilities of $1,441, net assets of $341k. It reported 25 employees.