Ginnys Helping Hand Inc

Analysis

Ginnys Helping Hand Inc is a registered charity in United States, based in Leominster, MA. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Ginnys Helping Hand Inc reported income of $495k and spending of $400k, spending 81% of its income. Across the 4 years on record, from March 2021 to March 2024, income grew from $292k to $495k (+69%), an average of +19% a year. The sharpest change came in the year to March 2024, when income rose by 30%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ginnys Helping Hand Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Bridges Oregon ($495k), House of Neighborly Service - Monroe County Il ($495k) and East Boston Community Soup Kitchen Inc ($495k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 73% of the total. Other salaries and wages came to $164k. At year end it held assets of $448k against liabilities of $51k, net assets of $397k. It reported 8 employees.