Helping Hands of Springfield Inc

Analysis

Helping Hands of Springfield Inc is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Hands of Springfield Inc reported income of $2.1m and spending of $2.2m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $2.1m (+105%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Helping Hands of Springfield Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Christopher Homes Inc ($2.1m), Willow Creek Housing Inc ($2.1m) and Pilot Cove Manor Housing Development Company Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $139k (6.3% of expenses). Other salaries and wages came to $820k. At year end it held assets of $1.7m against liabilities of $773k, net assets of $880k. It reported 37 employees.