Helping Hands Inc

Analysis

Helping Hands Inc is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in December 1973, 53 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 2022, Helping Hands Inc reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.5m to $1.2m (-19%), an average of -6.8% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hands Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within SC. Charities of a similar size with the same main cause include Al-Mabarrat Charitable Organization - U S a Inc ($1.2m), Social Service League of LA Jolla ($1.2m) and Najam Institute Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 66% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $92k (7.3% of expenses). Other salaries and wages came to $851k. At year end it held assets of $1.3m against liabilities of $59k, net assets of $1.3m. It reported 45 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.