Handy Foundation Corporation

Analysis

Handy Foundation Corporation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Handy Foundation Corporation reported income of $565k and spending of $535k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $258k to $565k (+119%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Handy Foundation Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Belvidere Foundation ($565k), Florida Academy of Performing Arts Inc ($566k) and Yale Alumni Chorus Foundation Inc ($565k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $105k (20% of expenses). Other salaries and wages came to $83k. It paid $450 in professional fundraising fees. At year end it held assets of $85k against liabilities of -$13k, net assets of $99k. It reported 3 employees.