Helping Hands Caring Hearts Inc

Analysis

Helping Hands Caring Hearts Inc is a registered charity in United States, based in Benton, AR. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover food, agriculture and nutrition, 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 2023, Helping Hands Caring Hearts Inc reported income of $352k and spending of $421k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $287k to $352k (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2022, when income rose by 45%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hands Caring Hearts Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within AR. Charities of a similar size with the same main cause include Interfaith Food Pantry of Portage County ($352k), Coffee County Child Care Center Inc ($352k) and Childrens Center of New Paltz Inc ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $35k (8.2% of expenses). Other salaries and wages came to $183k. At year end it held assets of $79k against liabilities of $16k, net assets of $63k. It reported 25 employees.