Helping Hand Community Development Corporation Inc

Analysis

Helping Hand Community Development Corporation Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in August 2003, 23 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 December 2022, Helping Hand Community Development Corporation Inc reported income of $154k and spending of $81k, leaving 48% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $206k to $154k (-25%), an average of -9.3% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. 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, Helping Hand Community Development Corporation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within AR. Charities of a similar size with the same main cause include Little Lions Kenya Inc ($154k), Hungarian Human Rights Foundation ($154k) and Community of Faith Mission Inc ($154k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $69k (85% of expenses). At year end it held assets of $152k against liabilities of $16k, net assets of $136k. It reported 3 employees.