The Helping Hand of Tomorrow Inc

Analysis

The Helping Hand of Tomorrow Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2023, The Helping Hand of Tomorrow Inc reported income of $2.5m and spending of $2.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.5m (+5.7%), an average of +1.4% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Helping Hand of Tomorrow Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include United Rehabilitation Services of Greater Dayton Foundation ($2.5m), Medlife ($2.5m) and Commons Project Foundation ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $175k (7.5% of expenses). Other salaries and wages came to $476k. At year end it held assets of $705k against liabilities of $0, net assets of $705k. It reported 13 employees.