Handz On Inc
Handz On Inc shows strong financial growth and zero reported officer compensation over a decade.
EIN: 20648086 · Hartford, CT · NTEE: B80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $4.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $3.8M |
| Transparency Score | 90/100 |
Is Handz On Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Handz On Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Handz On Inc
Handz On Inc (EIN: 20648086) is a nonprofit organization based in Hartford, CT, classified under NTEE code B80. The organization reported total revenue of $4.8M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Handz On Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Handz On Inc is a mid-size nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.5M |
| Total Expenses | $4.1M |
| Surplus / Deficit | +$1.3M |
| Total Assets | $3.8M |
| Net Assets | $3.8M |
| Operating Margin | 24.3% |
| Months of Reserves | 11.1 months |
Financial Health Grade: A
In 2023, Handz On Inc reported a surplus of $1.3M with revenue exceeding expenses, holds 11.1 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2011–2023), Handz On Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.3% | +4.8% | +55.6% |
| 2022 | -4.5% | -10.6% | +47.8% |
| 2020 | +40.0% | +27.3% | +422.4% |
| 2018 | -6.1% | -5.8% | +23.5% |
| 2017 | +18.6% | +2.4% | +53.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Handz On 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, Handz On 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 surplus of $1.3M, with revenue exceeding expenses.
Executive Compensation Analysis
Handz On Inc consistently reports 0% officer compensation across all available filings, including the latest 2023 period. This is highly unusual for an organization with revenues exceeding $5 million and suggests either a volunteer-led executive team or compensation structured in a way that is not reported as 'officer compensation' on the 990, which warrants further investigation for full transparency.
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 Handz On Inc's IRS 990 filings:
- Lack of detailed breakdown for program, admin, and fundraising expenses in summary data
- Unusually consistent 0% officer compensation for an organization of this size, potentially obscuring executive compensation details
Strengths
The following positive indicators were identified for Handz On Inc:
- Strong and consistent revenue growth over a decade, from $558,742 in 2011 to $5,471,436 in 2023.
- Excellent financial stability with zero reported liabilities in the latest two filings (2022 and 2023).
- Significant asset accumulation, growing from $26,514 in 2011 to $3,834,570 in 2023.
- Expenses consistently below revenue in recent years, indicating efficient financial management.
- Consistent reporting of 0% officer compensation, suggesting a high proportion of funds directed towards the mission.
Frequently Asked Questions about Handz On Inc
Is Handz On Inc a legitimate charity?
Handz On Inc (EIN: 20648086) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.8M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Handz On Inc spend its money?
Handz On Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Handz On Inc tax-deductible?
Handz On Inc is registered as a tax-exempt nonprofit (EIN: 20648086). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Handz On Inc CEO make?
Handz On Inc's highest-compensated officer earns $5 annually. The organization reported $4.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Handz On Inc's spending goes to programs?
Handz On Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Handz On Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Handz On Inc is above average for NTEE category B80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Handz On Inc located?
Handz On Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 20648086. It is classified under NTEE code B80.
How many years of IRS 990 filings does Handz On Inc have?
Handz On Inc has 10 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 $4.8M in total revenue.
Is Handz On Inc a good charity?
Based on the provided financial data, Handz On Inc appears to be a financially healthy and well-managed organization with strong revenue growth, significant asset accumulation, and a consistent record of zero reported liabilities in recent years. The 0% officer compensation is a notable positive, suggesting a high dedication of funds to the mission, though further clarity on executive compensation structure would enhance transparency.
How has Handz On Inc's financial health changed over time?
Handz On Inc has experienced remarkable financial growth and improved health over the past decade. Revenue increased from $558,742 in 2011 to $5,471,436 in 2023. Assets grew from $26,514 to $3,834,570 in the same period, and liabilities, which were present in earlier years, have been consistently reported as $0 in the 2022 and 2023 filings, indicating excellent financial stability.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It suggests that the organization's top leadership is either entirely volunteer-based or compensated through mechanisms not classified as 'officer compensation' on the IRS Form 990. While this could indicate a strong commitment to program spending, it also raises questions about the full compensation structure for key management personnel, which would require reviewing the full 990 for details on other salaries.
Filing History
IRS 990 filing history for Handz On Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Handz On Inc's revenue has grown by 879.2%, moving from $559K to $5.5M. Total assets increased by 14362.4% over the same period, from $27K to $3.8M. Total functional expenses rose by 647.6%, from $554K to $4.1M. In its most recent filing year (2023), Handz On Inc reported a surplus of $1.3M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.5M | $4.1M | $3.8M | $0 | — | View 990 |
| 2022 | $4.9M | $4.0M | $2.5M | $0 | — | View 990 |
| 2020 | $5.1M | $4.4M | $1.7M | $130K | — | View 990 |
| 2018 | $3.7M | $3.5M | $319K | $70K | — | View 990 |
| 2017 | $3.9M | $3.7M | $258K | $216K | — | View 990 |
| 2016 | $3.3M | $3.6M | $169K | $357K | — | View 990 |
| 2015 | $2.5M | $2.5M | $170K | $61K | — | View 990 |
| 2013 | $1.6M | $1.6M | $78K | $71K | — | View 990 |
| 2012 | $1.0M | $1.0M | $43K | $25K | — | View 990 |
| 2011 | $559K | $554K | $27K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.5M, expenses of $4.1M, and assets of $3.8M (revenue +11.3% year-over-year).
- 2022: Revenue of $4.9M, expenses of $4.0M, and assets of $2.5M (revenue -4.5% year-over-year).
- 2020: Revenue of $5.1M, expenses of $4.4M, and assets of $1.7M (revenue +40.0% year-over-year).
- 2018: Revenue of $3.7M, expenses of $3.5M, and assets of $319K (revenue -6.1% year-over-year).
- 2017: Revenue of $3.9M, expenses of $3.7M, and assets of $258K (revenue +18.6% year-over-year).
- 2016: Revenue of $3.3M, expenses of $3.6M, and assets of $169K (revenue +33.7% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.5M, and assets of $170K (revenue +58.6% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $78K (revenue +50.7% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.0M, and assets of $43K (revenue +84.9% year-over-year).
- 2011: Revenue of $559K, expenses of $554K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Handz On Inc:
Data Sources and Methodology
This transparency report for Handz On 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.