Helping Hands Senior Foundation

Analysis

Helping Hands Senior Foundation is a registered charity in United States, based in Reseda, CA. It received its IRS tax-exemption ruling in September 2015, 11 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 Hands Senior Foundation reported income of $2.1m and spending of $1.6m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $603k to $2.1m (+241%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hands Senior Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Domestic Violence Services of Benton & Franklin Counties ($2.1m), American Friends of Unit 669 Inc ($2.1m) and Astegos Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $264k (17% of expenses). Other salaries and wages came to $921k. At year end it held assets of $703k against liabilities of $56k, net assets of $647k. It reported 27 employees.