Hand-Up Foundation of Monterey County Inc

Analysis

Hand-Up Foundation of Monterey County Inc is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in November 2021, 5 years ago. 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, Hand-Up Foundation of Monterey County Inc reported income of $398k and spending of $118k, leaving 70% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1,300 to $398k (+30479%), an average of +1649% a year. The sharpest change came in the year to December 2022, when income rose by 16590%. Over the whole period it spent 26% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hand-Up Foundation of Monterey County Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Road Runners Club of America ($398k), American Leadership Forum of Tacoma Pierce County Chapter ($398k) and Limestone Senior Housing Inc ($397k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $29k. At year end it held assets of $406k against liabilities of $975, net assets of $405k.