Cy-Fair Helping Hands

Analysis

Cy-Fair Helping Hands is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2011, 15 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 December 2023, Cy-Fair Helping Hands reported income of $384k and spending of $222k, leaving 42% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $270k to $384k (+42%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cy-Fair Helping Hands sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Discovering Mercy ($384k), My Brothers Keeper Task Force Inc ($384k) and Franklin County Services for the Elderly Inc ($384k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $54k (24% of expenses). At year end it held assets of $505k against liabilities of $2,434, net assets of $503k. It reported 1 employees.