Hands of Hope

Analysis

Hands of Hope is a registered charity in United States, based in Portland, TN. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, 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 2023, Hands of Hope reported income of $95k and spending of $101k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $98k to $95k (-2.3%), an average of -2.3% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hands of Hope sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within TN. Charities of a similar size with the same main cause include Abundance of Hope Center ($95k), Give Hope to Honduras ($95k) and Hope House Ministries ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.