Josephs Hammer

Analysis

Josephs Hammer is a registered charity in United States, based in Horseshoe Bay, TX. It received its IRS tax-exemption ruling in June 2019, 7 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 December 2023, Josephs Hammer reported income of $260k and spending of $17k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $189k to $260k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2020, when income rose by 220%. Over the whole period it spent 2.6% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Josephs Hammer sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include T R E E of North Texas ($260k), Noble Viking Charities ($260k) and Sa Heals ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.