Hands for Homeless Inc

Analysis

Hands for Homeless Inc is a registered charity in United States, based in Avon Park, FL. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover human services, 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 June 2023, Hands for Homeless Inc reported income of $368k and spending of $328k, spending 89% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $192k to $368k (+92%), an average of +92% a year. The sharpest change came in the year to June 2023, when income rose by 92%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hands for Homeless Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Fuse Project ($367k), Maranatha International Missions Ministry Inc ($368k) and Positive Tomorrows Villa Campus Inc ($367k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $30k (9.2% of expenses). Other salaries and wages came to $122k. At year end it held assets of $409k against liabilities of $3,789, net assets of $405k. It reported 8 employees.