Hands for Hope

Analysis

Hands for Hope is a registered charity in United States, based in N Hollywood, CA. It received its IRS tax-exemption ruling in August 2000, 26 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, Hands for Hope reported income of $591k and spending of $537k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $148k to $591k (+298%), an average of +41% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hands for Hope sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Assistance League of Orange Calif Inc ($591k), Woodburn Family Learning Center Inc ($591k) and Academia El Principito Inc ($591k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $50k (9.3% of expenses). Other salaries and wages came to $278k. At year end it held assets of $198k against liabilities of $27k, net assets of $172k. It reported 15 employees.