Hands Across The Sea Inc
Hands Across The Sea Inc reports consistent revenue with a recent deficit, maintaining strong assets and no executive compensation.
EIN: 205897380 · Boston, MA · NTEE: E99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $312K |
| Total Expenses | $690K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $498K |
| Transparency Score | 90/100 |
Is Hands Across The Sea Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hands Across The Sea Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hands Across The Sea Inc
Hands Across The Sea Inc (EIN: 205897380) is a nonprofit organization based in Boston, MA, classified under NTEE code E99. The organization reported total revenue of $312K and total assets of $401K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hands Across The Sea Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hands Across The Sea Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $590K |
| Total Expenses | $690K |
| Surplus / Deficit | $-100,379 |
| Total Assets | $509K |
| Total Liabilities | $11K |
| Net Assets | $498K |
| Operating Margin | -17.0% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 8.8 months |
Financial Health Grade: B
In 2023, Hands Across The Sea Inc reported a deficit of $100K with expenses exceeding revenue, holds 8.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hands Across The Sea Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.2% | +39.5% | -15.6% |
| 2022 | +20.7% | +17.9% | +45.0% |
| 2021 | -4.5% | -22.9% | +35.5% |
| 2020 | +4.1% | +12.0% | +32.2% |
| 2019 | +12.3% | -13.1% | +52.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Hands Across The Sea Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hands Across The Sea Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $100K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.2%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for an organization of its size with revenues often exceeding $500,000.
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 Hands Across The Sea Inc's IRS 990 filings:
- Recent operating deficit in 202312 where expenses ($690,495) exceeded revenue ($590,116).
Strengths
The following positive indicators were identified for Hands Across The Sea Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency in directing funds to programs.
- Healthy asset growth, reaching $509,223 in 202312, demonstrating financial stability.
- Low liabilities relative to assets, indicating strong solvency.
- Consistent revenue generation over the past decade, showing stable donor support.
Frequently Asked Questions about Hands Across The Sea Inc
Is Hands Across The Sea Inc a legitimate charity?
Hands Across The Sea Inc (EIN: 205897380) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $312K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Hands Across The Sea Inc spend its money?
Hands Across The Sea Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hands Across The Sea Inc tax-deductible?
Hands Across The Sea Inc is registered as a tax-exempt nonprofit (EIN: 205897380). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hands Across The Sea Inc CEO make?
Hands Across The Sea Inc's highest-compensated officer earns $500,000. annually. The organization reported $312K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hands Across The Sea Inc's spending goes to programs?
Hands Across The Sea Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hands Across The Sea Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Hands Across The Sea Inc is above average for NTEE category E99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hands Across The Sea Inc located?
Hands Across The Sea Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 205897380. It is classified under NTEE code E99.
How many years of IRS 990 filings does Hands Across The Sea Inc have?
Hands Across The Sea 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 $312K in total revenue.
Is Hands Across The Sea Inc a good charity?
Based on the available data, Hands Across The Sea Inc appears to be a good charity. It consistently reports 0% officer compensation, indicating that funds are directly applied to its mission. Its assets have grown to over $500,000, and liabilities are low, suggesting financial stability. While there was a deficit in 2023, the overall financial health and commitment to its mission are strong.
How does Hands Across The Sea Inc manage its executive compensation?
Hands Across The Sea Inc manages its executive compensation by reporting 0% for all officers and key employees across all available filing periods. This means that no salaries are paid to its leadership, which is a significant positive indicator of its dedication to its mission.
What is the financial trend of Hands Across The Sea Inc?
The financial trend shows consistent revenues generally between $400,000 and $600,000 annually. Expenses have fluctuated, leading to surpluses in some years (e.g., $185,001 surplus in 202212) and deficits in others (e.g., $100,379 deficit in 202312). Assets have shown a general upward trend, reaching $509,223 in 202312, while liabilities remain low.
Filing History
IRS 990 filing history for Hands Across The Sea Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hands Across The Sea Inc's revenue has grown by 313.7%, moving from $143K to $590K. Total assets increased by 640.3% over the same period, from $69K to $509K. Total functional expenses rose by 484.4%, from $118K to $690K. In its most recent filing year (2023), Hands Across The Sea Inc reported a deficit of $100K, with expenses exceeding revenue. The organization holds $11K in liabilities against $509K in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $498K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $590K | $690K | $509K | $11K | — | View 990 |
| 2022 | $680K | $495K | $603K | $5K | — | View 990 |
| 2021 | $564K | $420K | $416K | $3K | — | — |
| 2020 | $590K | $544K | $307K | $37K | — | View 990 |
| 2019 | $567K | $486K | $232K | $8K | — | View 990 |
| 2018 | $505K | $559K | $152K | $9K | — | View 990 |
| 2017 | $442K | $548K | $207K | $10K | — | View 990 |
| 2016 | $658K | $575K | $322K | $17K | — | View 990 |
| 2015 | $611K | $469K | $253K | $32K | — | View 990 |
| 2014 | $439K | $487K | $95K | $15K | — | View 990 |
| 2013 | $319K | $294K | $130K | $2K | — | View 990 |
| 2012 | $187K | $152K | $103K | $0 | — | View 990 |
| 2011 | $143K | $118K | $69K | $814 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $590K, expenses of $690K, and assets of $509K (revenue -13.2% year-over-year).
- 2022: Revenue of $680K, expenses of $495K, and assets of $603K (revenue +20.7% year-over-year).
- 2021: Revenue of $564K, expenses of $420K, and assets of $416K (revenue -4.5% year-over-year).
- 2020: Revenue of $590K, expenses of $544K, and assets of $307K (revenue +4.1% year-over-year).
- 2019: Revenue of $567K, expenses of $486K, and assets of $232K (revenue +12.3% year-over-year).
- 2018: Revenue of $505K, expenses of $559K, and assets of $152K (revenue +14.4% year-over-year).
- 2017: Revenue of $442K, expenses of $548K, and assets of $207K (revenue -32.9% year-over-year).
- 2016: Revenue of $658K, expenses of $575K, and assets of $322K (revenue +7.8% year-over-year).
- 2015: Revenue of $611K, expenses of $469K, and assets of $253K (revenue +39.2% year-over-year).
- 2014: Revenue of $439K, expenses of $487K, and assets of $95K (revenue +37.3% year-over-year).
- 2013: Revenue of $319K, expenses of $294K, and assets of $130K (revenue +70.7% year-over-year).
- 2012: Revenue of $187K, expenses of $152K, and assets of $103K (revenue +31.2% year-over-year).
- 2011: Revenue of $143K, expenses of $118K, and assets of $69K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hands Across The Sea Inc:
Data Sources and Methodology
This transparency report for Hands Across The Sea 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.