Caring Hands Foundation Inc

Analysis

Caring Hands Foundation Inc is a registered charity in United States, based in Pompano Beach, FL. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Caring Hands Foundation Inc reported income of $561k and spending of $101k, leaving 82% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $350k to $561k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 11% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caring Hands Foundation Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Denver Family Institute Inc ($561k), Camden Community Alliance & Resources Inc ($561k) and Coordinadora Morivivi Inc ($560k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $810k against liabilities of $0, net assets of $810k.