Helping Hand Foundation Inc

Analysis

Helping Hand Foundation Inc is a registered charity in United States, based in Montvale, NJ. It received its IRS tax-exemption ruling in May 1998, 28 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 Hand Foundation Inc reported income of $284k and spending of $252k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $284k (+255%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 258%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hand Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Birmingham Service League ($284k), Immigration Services of Mountain View ($284k) and Share Inc ($284k).

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 $39k against liabilities of $0, net assets of $39k.