Hand In Hand Early Childhood Center Inc
Hand In Hand Early Childhood Center Inc consistently operates at a deficit despite revenue growth, with no reported officer compensation.
EIN: 161450119 · Lowville, NY · NTEE: B21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $-27,669 |
| Transparency Score | 75/100 |
Is Hand In Hand Early Childhood Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hand In Hand Early Childhood Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hand In Hand Early Childhood Center Inc
Hand In Hand Early Childhood Center Inc (EIN: 161450119) is a nonprofit organization based in Lowville, NY, classified under NTEE code B21. The organization reported total revenue of $2.1M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hand In Hand Early Childhood Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hand In Hand Early Childhood Center Inc is a mid-size nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-206,164 |
| Total Assets | $377K |
| Total Liabilities | $405K |
| Net Assets | $-27,669 |
| Operating Margin | -16.5% |
| Debt-to-Asset Ratio | 107.3% |
| Months of Reserves | 3.1 months |
Financial Health Grade: C
In 2024, Hand In Hand Early Childhood Center Inc reported a deficit of $206K with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 107.3% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Hand In Hand Early Childhood Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +20.3% | +34.3% | +0.4% |
| 2023 | +18.0% | +18.3% | -17.6% |
| 2022 | +25.7% | +16.2% | -20.8% |
| 2021 | +30.2% | +27.1% | +22.7% |
| 2020 | -13.6% | -7.4% | +7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1994 |
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 Hand In Hand Early Childhood Center Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Hand In Hand Early Childhood Center Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $206K, with expenses exceeding revenue.
- Debt-to-asset ratio: 107.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly unusual for an organization with over $1 million in annual expenses.
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.
Red Flags
The following concerns were identified during AI analysis of Hand In Hand Early Childhood Center Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) across multiple periods, e.g., $1,453,634 expenses vs. $1,247,470 revenue in 2024.
- Unusually low (0%) reported officer compensation for an organization with over $1 million in annual expenses, which may obscure true administrative costs.
Strengths
The following positive indicators were identified for Hand In Hand Early Childhood Center Inc:
- Consistent revenue growth over the past decade, from $258,482 in 2015 to $1,247,470 in 2024.
- Strong indication of program focus due to 0% reported officer compensation, suggesting funds are directed towards the mission.
- Clear alignment with its NTEE code (B21 - Child Day Care) and mission.
Frequently Asked Questions about Hand In Hand Early Childhood Center Inc
Is Hand In Hand Early Childhood Center Inc a legitimate charity?
Hand In Hand Early Childhood Center Inc (EIN: 161450119) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.1M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Hand In Hand Early Childhood Center Inc spend its money?
Hand In Hand Early Childhood Center Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Hand In Hand Early Childhood Center Inc tax-deductible?
Hand In Hand Early Childhood Center Inc is registered as a tax-exempt nonprofit (EIN: 161450119). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hand In Hand Early Childhood Center Inc CEO make?
Hand In Hand Early Childhood Center Inc's highest-compensated officer earns $1 annually. The organization reported $2.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Hand In Hand Early Childhood Center Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hand In Hand Early Childhood Center Inc is above average for NTEE category B21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hand In Hand Early Childhood Center Inc located?
Hand In Hand Early Childhood Center Inc is headquartered in Lowville, New York and files with the IRS under EIN 161450119. It is classified under NTEE code B21.
How many years of IRS 990 filings does Hand In Hand Early Childhood Center Inc have?
Hand In Hand Early Childhood Center Inc has 14 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 $2.1M in total revenue.
Is Hand In Hand Early Childhood Center Inc financially stable given its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue for several years (e.g., $1,453,634 expenses vs. $1,247,470 revenue in 2024), leading to operating deficits. While assets have fluctuated, this trend, if not addressed, could pose a long-term financial stability risk.
How does the organization fund its operations if expenses consistently exceed revenue?
The consistent deficits suggest the organization may be drawing down reserves, relying on prior period surpluses, or receiving non-revenue funding sources not fully captured in the revenue figures, or experiencing timing differences in grant receipts and expenditures.
What is the reason for 0% officer compensation despite significant revenue and expenses?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this size and operational scope. It could indicate a fully volunteer executive board, or that compensation is categorized differently, which would require further investigation to understand the true administrative costs.
Filing History
IRS 990 filing history for Hand In Hand Early Childhood Center Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Hand In Hand Early Childhood Center Inc's revenue has grown by 21.2%, moving from $1.0M to $1.2M. Total assets decreased by 82.2% over the same period, from $2.1M to $377K. Total functional expenses rose by 32.1%, from $1.1M to $1.5M. In its most recent filing year (2024), Hand In Hand Early Childhood Center Inc reported a deficit of $206K, with expenses exceeding revenue. The organization holds $405K in liabilities against $377K in assets (debt-to-asset ratio: 107.3%), resulting in net assets of $-27,669.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.2M | $1.5M | $377K | $405K | — | View 990 |
| 2023 | $1.0M | $1.1M | $376K | $197K | — | View 990 |
| 2022 | $878K | $915K | $456K | $232K | — | View 990 |
| 2021 | $699K | $787K | $575K | $315K | — | View 990 |
| 2020 | $537K | $619K | $469K | $336K | — | View 990 |
| 2019 | $622K | $669K | $435K | $220K | — | View 990 |
| 2018 | $620K | $647K | $316K | $22K | — | View 990 |
| 2017 | $556K | $576K | $337K | $16K | — | View 990 |
| 2016 | $551K | $565K | $364K | $21K | — | View 990 |
| 2015 | $258K | $526K | $376K | $22K | — | View 990 |
| 2014 | $621K | $678K | $1.1M | $449K | — | View 990 |
| 2013 | $692K | $1.5M | $1.1M | $448K | — | View 990 |
| 2012 | $985K | $991K | $2.1M | $595K | — | View 990 |
| 2011 | $1.0M | $1.1M | $2.1M | $582K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.2M, expenses of $1.5M, and assets of $377K (revenue +20.3% year-over-year).
- 2023: Revenue of $1.0M, expenses of $1.1M, and assets of $376K (revenue +18.0% year-over-year).
- 2022: Revenue of $878K, expenses of $915K, and assets of $456K (revenue +25.7% year-over-year).
- 2021: Revenue of $699K, expenses of $787K, and assets of $575K (revenue +30.2% year-over-year).
- 2020: Revenue of $537K, expenses of $619K, and assets of $469K (revenue -13.6% year-over-year).
- 2019: Revenue of $622K, expenses of $669K, and assets of $435K (revenue +0.3% year-over-year).
- 2018: Revenue of $620K, expenses of $647K, and assets of $316K (revenue +11.5% year-over-year).
- 2017: Revenue of $556K, expenses of $576K, and assets of $337K (revenue +0.9% year-over-year).
- 2016: Revenue of $551K, expenses of $565K, and assets of $364K (revenue +113.1% year-over-year).
- 2015: Revenue of $258K, expenses of $526K, and assets of $376K (revenue -58.4% year-over-year).
- 2014: Revenue of $621K, expenses of $678K, and assets of $1.1M (revenue -10.2% year-over-year).
- 2013: Revenue of $692K, expenses of $1.5M, and assets of $1.1M (revenue -29.8% year-over-year).
- 2012: Revenue of $985K, expenses of $991K, and assets of $2.1M (revenue -4.3% year-over-year).
- 2011: Revenue of $1.0M, expenses of $1.1M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hand In Hand Early Childhood Center Inc:
Data Sources and Methodology
This transparency report for Hand In Hand Early Childhood Center 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.