Projecthandup

Analysis

Projecthandup is a registered charity in United States, based in Grapevine, TX. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Projecthandup reported income of $5.2m and spending of $5.3m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.5m to $5.2m (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Projecthandup sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Crosby Senior Services ($5.2m), Sommerset Neighborhood Incorporated ($5.2m) and Humility Homes and Services Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $349k (6.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $51.7m against liabilities of $263k, net assets of $51.4m. It reported 29 employees.