Ihope Helping Hands

Analysis

Ihope Helping Hands is a registered charity in United States, based in Chino Hills, CA. It received its IRS tax-exemption ruling in July 2014, 12 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, Ihope Helping Hands reported income of $222k and spending of $223k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $275k to $222k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ihope Helping Hands sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Operation Conquest ($222k), Or Ami Ministries ($222k) and Life Together Nicaragua Inc ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.