Oilfield Helping Hands Inc

Analysis

Oilfield Helping Hands Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oilfield Helping Hands Inc reported income of $1.0m and spending of $606k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $734k to $1.0m (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Oilfield Helping Hands Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Cha Low Income Services Inc ($1.0m), The YWCA of Vermont Inc ($1.0m) and Montgomery County Family Young Mens Christian Association Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $14k (2.3% of expenses). Other salaries and wages came to $67k. At year end it held assets of $1.7m against liabilities of $11k, net assets of $1.6m. It reported 2 employees.