Hands of Faith General Residential Operations

Analysis

Hands of Faith General Residential Operations is a registered charity in United States, based in Lancaster, TX. It received its IRS tax-exemption ruling in June 2024, 2 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 2023, Hands of Faith General Residential Operations reported income of $431k and spending of $438k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $340k to $431k (+27%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 1285%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hands of Faith General Residential Operations sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Horizon North Housing Inc ($431k), Mask Mothers Awareness on Schoolage Kids ($431k) and Rooted Northwest Arkansas ($431k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $86k (20% of expenses). Other salaries and wages came to $195k. At year end it held assets of $151k against liabilities of $255k, net assets of -$104k. It reported 5 employees.