Charitable Hands Foundation Ltd
EIN: 262629433 · Bethany, CT · NTEE: G128
Is Charitable Hands Foundation Ltd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Charitable Hands Foundation Ltd
Charitable Hands Foundation Ltd (EIN: 262629433) is a nonprofit organization based in Bethany, CT, classified under NTEE code G128. The organization reported total revenue of $106K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charitable Hands Foundation Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charitable Hands Foundation Ltd is a small nonprofit that has been operating for 17 years, with 4 years of IRS 990 filings on record (2017–2020). Revenue has grown at a compound annual rate of -50.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $53K |
| Surplus / Deficit | $-44,553 |
| Total Assets | $31K |
| Total Liabilities | $14K |
| Net Assets | $17K |
| Operating Margin | -509.9% |
| Debt-to-Asset Ratio | 44.1% |
| Months of Reserves | 7.0 months |
Financial Health Grade: B
In 2020, Charitable Hands Foundation Ltd reported a deficit of $45K with expenses exceeding revenue, holds 7.0 months of operating reserves (strong position), has a debt-to-asset ratio of 44.1% (moderate leverage).
Financial Trends
Over 4 years of filings (2017–2020), Charitable Hands Foundation Ltd's revenue has declined at a compound annual growth rate (CAGR) of -50.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -89.9% | +160.8% | -58.1% |
| 2019 | -7.4% | -78.8% | +782.8% |
| 2018 | +27.6% | +21.4% | +219.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Charitable Hands Foundation Ltd has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charitable Hands Foundation Ltd with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.1%.
Frequently Asked Questions about Charitable Hands Foundation Ltd
Is Charitable Hands Foundation Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Charitable Hands Foundation Ltd (EIN: 262629433) insufficient data. 0 red flags identified, 0 strengths noted.
How does Charitable Hands Foundation Ltd spend its money?
Detailed spending breakdown data is not yet available for Charitable Hands Foundation Ltd. Check back for updated IRS 990 analysis.
Are donations to Charitable Hands Foundation Ltd tax-deductible?
Charitable Hands Foundation Ltd is registered as a tax-exempt nonprofit (EIN: 262629433). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Charitable Hands Foundation Ltd showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2017–2020), Charitable Hands Foundation Ltd's revenue has declined by 88.1%, moving from $73K to $9K. Total assets increased by 1080.7% over the same period, from $3K to $31K. Total functional expenses fell by 33%, from $80K to $53K. In its most recent filing year (2020), Charitable Hands Foundation Ltd reported a deficit of $45K, with expenses exceeding revenue. The organization holds $14K in liabilities against $31K in assets (debt-to-asset ratio: 44.1%), resulting in net assets of $17K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $9K | $53K | $31K | $14K | — | View 990 |
| 2019 | $87K | $20K | $75K | $13K | — | — |
| 2018 | $94K | $97K | $8K | $13K | — | View 990 |
| 2017 | $73K | $80K | $3K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $9K, expenses of $53K, and assets of $31K (revenue -89.9% year-over-year).
- 2019: Revenue of $87K, expenses of $20K, and assets of $75K (revenue -7.4% year-over-year).
- 2018: Revenue of $94K, expenses of $97K, and assets of $8K (revenue +27.6% year-over-year).
- 2017: Revenue of $73K, expenses of $80K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charitable Hands Foundation Ltd:
Data Sources and Methodology
This transparency report for Charitable Hands Foundation Ltd is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.