Helping Hands High Point

Analysis

Helping Hands High Point is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in May 2011, 15 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, Helping Hands High Point reported income of $1.1m and spending of $1.1m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $831k to $1.1m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hands High Point sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Mount Bethel Human Services Corporation Inc ($1.1m), The Pro Bono Project ($1.1m) and East Calvary Day Care Center Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $62k (5.5% of expenses). Other salaries and wages came to $62k. At year end it held assets of $577k against liabilities of $0, net assets of $577k. It reported 6 employees.