Hand in Hand of Glynn Inc

Analysis

Hand in Hand of Glynn Inc is a registered charity in United States, based in St Simons Is, GA. It received its IRS tax-exemption ruling in February 2019, 7 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 2022, Hand in Hand of Glynn Inc reported income of $1.2m and spending of $435k, leaving 63% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.1m to $1.2m (+5.8%), an average of +1.9% a year. The sharpest change came in the year to December 2020, when income rose by 104%. Over the whole period it spent 9.0% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hand in Hand of Glynn Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Marine Raider Foundation ($1.2m), Bountiful Childrens Foundation ($1.2m) and Nebraska Greats Foundation ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $65k (15% of expenses). Other salaries and wages came to $8,949. At year end it held assets of $5.9m against liabilities of $54k, net assets of $5.8m. It reported 1 employees.