Kings Mountain Ministerial Assoc Helping Hand Fund

Analysis

Kings Mountain Ministerial Assoc Helping Hand Fund is a registered charity in United States, based in Kings MTN, NC. It received its IRS tax-exemption ruling in November 1971, 55 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 2023, Kings Mountain Ministerial Assoc Helping Hand Fund reported income of $205k and spending of $207k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $149k to $205k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kings Mountain Ministerial Assoc Helping Hand Fund sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include McLindon Family Foundation ($205k), Hope Springs Eternal Second Chance Boutique Corp ($206k) and Arc Alliance Guardianship Services ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $33k (16% of expenses). Other salaries and wages came to $29k. At year end it held assets of $155k against liabilities of $0, net assets of $155k. It reported 4 employees.