Helping Hands Charitable Foundationinc

Analysis

Helping Hands Charitable Foundationinc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in June 2007, 19 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 Hands Charitable Foundationinc reported income of $5.2m and spending of $5.0m, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.0m to $5.2m (+395%), an average of +70% a year. The sharpest change came in the year to December 2020, when income rose by 219%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hands Charitable Foundationinc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Hopelight Medical Clinic ($5.2m), Meals on Wheels Older Adult Alternatives of Fairfield County ($5.2m) and A Tender Love and Care Inc ($5.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $226k. At year end it held assets of $503k against liabilities of $0, net assets of $503k. It reported 8 employees.