Morehead Gateway Helping Hands

Analysis

Morehead Gateway Helping Hands is a registered charity in United States, based in Morehead, KY. It received its IRS tax-exemption ruling in May 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Morehead Gateway Helping Hands reported income of $105k and spending of $66k, leaving 37% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $120k to $105k (-12%), an average of -12% a year. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Morehead Gateway Helping Hands sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within KY. Charities of a similar size with the same main cause include Buckaroo Foundation Inc ($105k), Hearts You Hold ($105k) and Huntingdon Area Food ($105k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $274k against liabilities of $0, net assets of $274k.