The Helping Hands of Clemson Inc

Analysis

The Helping Hands of Clemson Inc is a registered charity in United States, based in Clemson, SC. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Helping Hands of Clemson Inc reported income of $1.2m and spending of $1.2m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.2m (-28%), an average of -7.8% a year. The sharpest change came in the year to June 2021, when income dropped by 37%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Helping Hands of Clemson 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 Childrens Home of Stockton Foundation ($1.2m), Excel Case Management Inc ($1.2m) and Future Beyond Charity Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 113% of the total. Compensation of current officers, directors and key employees was $61k (4.9% of expenses). Other salaries and wages came to $649k. At year end it held assets of $4.3m against liabilities of $48k, net assets of $4.3m. It reported 33 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.