Overview
What is Open Hands?
Open Hands is a nonprofit organization, established in West Milton, Pennsylvania, with a focus on reducing poverty and fostering community. They achieve this goal through Christ-centered savings groups. With a small team of eight dedicated individuals, Open Hands aims to empower their community by providing a supportive platform for financial stability and shared resources. Their mission is deeply ingrained in the Christian faith, offering an alternative approach to alleviating poverty.
Official website here: www.openhands.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star Rating
Open Hands has earned a score of 88% from Charity Navigator, reflecting a solid Three-Star rating. This score is derived entirely from its accountability and finance metrics, indicating a strong commitment to financial transparency and responsible management. The organization demonstrates a high level of accountability with a fully independent board, robust financial oversight, and no reported diversion of assets.
The nonprofit scores particularly well in several key areas, including its independent board composition and financial statement oversight. All board members are independent, and the organization has a well-documented financial management structure, ensuring proper governance. Although there are minor shortcomings, such as missing whistleblower and document retention policies, these do not significantly detract from its overall strong performance.
While Open Hands shows a commendable program expense ratio of 85.01%, underscoring its dedication to programmatic work, the absence of certain policies suggests areas for improvement. Overall, the organization appears to be financially sound and well-governed, making it a reliable choice for donors seeking to support effective nonprofit work.
This AI summary has been generated from information found on Charity Navigator.
Is Open Hands legitimate?
Open Hands is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Hands submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $298,648
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Official website here: www.openhands.org
What is the mission statement of Open Hands?
Open Hands, an organization, is committed to establishing and fostering community while combating poverty through the implementation of Christ-centered savings groups. Their primary mission is to utilize these savings groups as a tool to alleviate poverty.
Official website here: www.openhands.org
Who is the CEO of Open Hands?
Marvin Mast is the Board Chairman of Open Hands.
Official website here: www.openhands.org
What is the revenue of Open Hands?
Open Hands's revenue in 2022 was $972,134.
Official website here: www.openhands.org
Who are the executives of Open Hands and what are their salaries?
The average compensation at Open Hands during 2022 was $37,331. There are 8 employees and 14 volunteers at Open Hands.
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Official website here: www.openhands.org
Where can I find the form 990 for Open Hands?
Open Hands's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.openhands.org
Learn more at the official website: www.openhands.org
Mission Statement of Open Hands
Open Hands, a nonprofit organization, is dedicated to fostering community and combating poverty through the implementation of Christ-centered savings groups. Their mission is to create a sense of unity and work towards alleviating poverty, utilizing a faith-based approach with savings groups as their primary tool. By leveraging this method, Open Hands aims to empower individuals and communities, ultimately contributing to a reduction in poverty.
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Impact
July, 2024
Open Hands's impact is focused on creating community and reducing poverty through Christ-centered savings groups. Through this approach, they are able to provide support and empowerment to individuals and families in need. Their work contributes to the growth of stronger communities and has a direct impact on alleviating poverty by promoting financial stability and a sense of belonging.
This information is meant to be a general summary of Open Hands. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,637
- Gross Receipts: $972,134
Assets and Liabilities:
- Total Assets: $516,392
- Total Liabilities: $5,362
- Net Assets: $511,030
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Organization Details
Founding Year
2012
Principal Officer
Marvin Mast
Main Address
PO BOX 180, West Milton, PA, 17886
Website
www.openhands.orgNTEE Category
Code: Q123 - International
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