Helping Hand Society

Analysis

Helping Hand Society is a registered charity in United States, based in Easthampton, MA. It received its IRS tax-exemption ruling in March 1944, 82 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Helping Hand Society reported income of $187k and spending of $62k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $58k to $187k (+220%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 234%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Helping Hand Society sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Scimitar Foundation Inc ($187k), Unchained ($187k) and Amigos de Los Ninos ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.