Caring Hands Inc

Analysis

Caring Hands Inc is a registered charity in United States, based in Glasgow, MT. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Caring Hands Inc reported income of $175k and spending of $173k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $152k to $175k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Caring Hands Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MT. Charities of a similar size with the same main cause include Oak Ridge Economic Partnership ($175k), Dyersville Events Inc ($175k) and Institute of Notre Dame Alumnae Association ($175k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 94% of the total. At year end it held assets of $196k against liabilities of $1,772, net assets of $194k.