Helping Hand for Relief & Development Inc

Analysis

Helping Hand for Relief & Development Inc is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in March 1999, 27 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 Hand for Relief & Development Inc reported income of $94.0m and spending of $89.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $62.8m to $94.0m (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hand for Relief & Development Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Visiting Nurse Service of New York Hospice ($94.0m), Safe Horizon Inc ($94.1m) and Hospice of Palm Beach County Inc ($93.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $353k (0.4% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $80.5m against liabilities of $2.9m, net assets of $77.5m. It reported 141 employees.