Helping Hugs

Analysis

Helping Hugs is a registered charity in United States, based in St Simons Is, GA. It received its IRS tax-exemption ruling in October 2013, 13 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, Helping Hugs reported income of $127k and spending of $94k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $142k to $127k (-11%), an average of -11% a year. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hugs sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within GA. Charities of a similar size with the same main cause include Gullo Companies Christmas for Kids Inc ($127k), Fleet Fund Inc ($127k) and Forget Me Not Family Care Home ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $238k against liabilities of $472, net assets of $238k.