Helping Hands

Analysis

Helping Hands is a registered charity in United States, based in W Terre Haute, IN. It received its IRS tax-exemption ruling in May 2003, 23 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 reported income of $233k and spending of $257k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $185k to $233k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hands sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within IN. Charities of a similar size with the same main cause include Center of Owensboro Daviess County ($233k), Food First Incorporated ($233k) and American Legion Department of Maine Foundation ($233k).

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 $226k against liabilities of $2,254, net assets of $223k.