Helping Hand Clinic Inc

Analysis

Helping Hand Clinic Inc is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in July 1993, 33 years ago. 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 Clinic Inc reported income of $768k and spending of $780k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $558k to $768k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Helping Hand Clinic Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Les Dames D Escoffier International Inc ($768k), Allen Volunteer Fire Department Inc ($768k) and Covington Ladies Home ($768k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $166k. At year end it held assets of $92k against liabilities of $6,943, net assets of $85k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.