Handup Network

Analysis

Handup Network is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in February 2013, 13 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, Handup Network reported income of $1.3m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $677k to $1.3m (+90%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Handup Network sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Hogar Mis Primeros Pasos Inc ($1.3m), North Georgia Mountain Crisis Network Inc ($1.3m) and High Aspirations Incorporated ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $94k (7.7% of expenses). Other salaries and wages came to $717k. At year end it held assets of $541k against liabilities of $438k, net assets of $103k. It reported 44 employees.