Tophand Foundation Inc

Analysis

Tophand Foundation Inc is a registered charity in United States, based in Emporia, VA. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Tophand Foundation Inc reported income of $351k and spending of $304k, spending 87% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $337k to $351k (+4.1%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 18%. 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, Tophand Foundation 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 64th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Piscataquis Regional Food Center ($351k), Mira USA Inc ($351k) and Metro Youth Sports Inc ($351k).

On its Form 990 for the period ending December 2021, revenue came from program service revenue 89% of the total. Other salaries and wages came to $68k. At year end it held assets of $587k against liabilities of $572k, net assets of $15k. It reported 23 employees.