Hannan

Analysis

Hannan is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hannan reported income of $1.2m and spending of $1.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $446k to $1.2m (+165%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 156%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hannan sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include Kids of Excellence - 2 ($1.2m), Grow Food Northampton Inc ($1.2m) and Options for Women Pregnancy Help Clinic Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 12% of the total. At year end it held assets of $210k against liabilities of $13k, net assets of $197k.