Helping Hand Center

Analysis

Helping Hand Center is a registered charity in United States, based in Countryside, IL. It received its IRS tax-exemption ruling in July 1964, 62 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 June 2023, Helping Hand Center reported income of $18.3m and spending of $22.0m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.5m to $18.3m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hand Center sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Fii - National ($18.3m), Smile Payee Services Inc ($18.4m) and Northwest Senior Resources Incorporated ($18.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $459k (2.1% of expenses). Other salaries and wages came to $10.7m. At year end it held assets of $23.8m against liabilities of $3.4m, net assets of $20.4m. It reported 263 employees.