Helping Hands Food Ko Op Inc

Analysis

Helping Hands Food Ko Op Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in June 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Helping Hands Food Ko Op Inc reported income of $1.9m and spending of $1.8m, spending 97% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $1.1m to $1.9m (+73%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hands Food Ko Op Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Crotched Mountain Foundation ($1.9m), Nuestra Casa de East Palo Alto ($1.9m) and Bedford Area Family Young Mens Christian Association ($1.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $26k (1.4% of expenses). Other salaries and wages came to $211k. At year end it held assets of $1.0m against liabilities of $276k, net assets of $736k. It reported 8 employees.