Hanwash USA Inc

Analysis

Hanwash USA Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2023, Hanwash USA Inc reported income of $312k and spending of $423k, spending 136% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $414k to $312k (-25%), an average of -13% a year. The sharpest change came in the year to June 2022, when income dropped by 42%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hanwash USA Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Florida Christian Center Inc ($312k), Roslyn Fire Co No 1 ($312k) and 20th Century Christian Foundation ($312k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $210k (50% of expenses). At year end it held assets of $154k against liabilities of $48k, net assets of $106k.