Boca Helping Hands Inc

Analysis

Boca Helping Hands Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in August 2000, 26 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 December 2022, Boca Helping Hands Inc reported income of $10.3m and spending of $11.0m, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $9.0m to $10.3m (+15%), an average of +4.8% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boca Helping Hands Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include United Food Bank and Services of Plant City Inc ($10.3m), Freshfarm Markets Inc ($10.3m) and Northern Childrens Services ($10.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $218k (2.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $7.9m against liabilities of $104k, net assets of $7.8m. It reported 27 employees.