Hands Inc

Analysis

Hands Inc is a registered charity in United States, based in Great Falls, MT. It received its IRS tax-exemption ruling in July 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hands Inc reported income of $1.4m and spending of $1.0m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $955k to $1.4m (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hands Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within MT. Charities of a similar size with the same main cause include Childrens Alliance Incorporated ($1.4m), Agency for Substance Abuse Prevention ($1.4m) and C a S T for Kids Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $57k (5.7% of expenses). Other salaries and wages came to $611k. At year end it held assets of $1.9m against liabilities of $69k, net assets of $1.8m. It reported 102 employees.