For Hanks Sake

Analysis

For Hanks Sake is a registered charity in United States, based in Nicholasville, KY. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, For Hanks Sake reported income of $195k and spending of $200k, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $75k to $195k (+158%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 15196%. Over the whole period it spent 130% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, For Hanks Sake sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within KY. Charities of a similar size with the same main cause include Dixie Adoptables ($195k), Humans and Animals United Inc ($195k) and Sea Star Horse Sanctuary ($195k).

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 $8,000 (4.0% of expenses). At year end it held assets of $1,574 against liabilities of $175k, net assets of -$173k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.