Triumphant Hands a NJ Nonprofit Corporation

Analysis

Triumphant Hands a NJ Nonprofit Corporation is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in August 2021, 5 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, Triumphant Hands a NJ Nonprofit Corporation reported income of $285k and spending of $270k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $119k to $285k (+139%), an average of +55% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Triumphant Hands a NJ Nonprofit Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Homeworks Ministries Inc ($285k), Center for the Therapeutic and Educational Riding Inc ($285k) and Tri-County Vocational Center Inc ($285k).

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 $116k (43% of expenses). At year end it held assets of $37k against liabilities of $28k, net assets of $9,032. It reported 2 employees.