Helping Hands Support Inc

Analysis

Helping Hands Support Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Helping Hands Support Inc reported income of $4.3m and spending of $7.0m, spending 160% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $7.2m to $4.3m (-40%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 235%. Over the whole period it spent 144% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Helping Hands Support Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Napa Institute ($4.3m), One Love Initiative Inc ($4.3m) and Yippee Entertainment Inc ($4.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $295k (4.2% of expenses). At year end it held assets of $12.3m against liabilities of $1.4m, net assets of $10.9m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.