Many Hands Lifesharing Community

Analysis

Many Hands Lifesharing Community is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in July 2022, 4 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 September 2023, Many Hands Lifesharing Community reported income of $85k and spending of $43k, leaving 49% of income unspent that year. Across the 2 years on record, from September 2020 to September 2023, income grew from $5,505 to $85k (+1452%), an average of +1452% a year. The sharpest change came in the year to September 2023, when income rose by 1452%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Many Hands Lifesharing Community sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within MI. Charities of a similar size with the same main cause include Destiny Center of Desoto County ($85k), Living Earth Agriculture Foundation ($85k) and Next Chance Rescue Inc ($85k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 4.8% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.