Helping Hand Association Inc

Analysis

Helping Hand Association Inc is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in September 1969, 57 years ago. 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 June 2023, Helping Hand Association Inc reported income of $4.9m and spending of $3.7m, leaving 24% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $4.9m (+131%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Helping Hand Association Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within UT. Charities of a similar size with the same main cause include Central West Virginia Community Action Association Inc ($4.9m), Construction Education Foundation of Georgia Inc ($4.9m) and Healthy Start Coalition of Orange County Inc ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $363k (9.7% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $8.5m against liabilities of $2.5m, net assets of $6.0m. It reported 69 employees.