BVM Helping Hands

Analysis

BVM Helping Hands is a registered charity in United States, based in Grayslake, IL. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 October 2022, BVM Helping Hands reported income of $346k and spending of $397k, spending 115% of what it took in. Across the 5 years on record, from October 2018 to October 2022, income grew from $254k to $346k (+36%), an average of +8.1% a year. The sharpest change came in the year to October 2022, when income rose by 57%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, BVM Helping Hands sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include American Dream Center Institute ($346k), Sierra Methodist Chautauqua & Bible Conference Assn ($346k) and Brake Ministries International ($346k).

On its Form 990 for the period ending October 2022, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $81k (20% of expenses). At year end it held assets of $593k against liabilities of -$302, net assets of $593k. It reported 1 employees.