Pharms Helping Arms Foundation Inc

Analysis

Pharms Helping Arms Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 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, Pharms Helping Arms Foundation Inc reported income of $109k and spending of $106k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $109k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 120% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pharms Helping Arms Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Fundacion El Angel de Miguel Cotto Inc ($109k), One Less Inc ($109k) and Freedom U ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.