Helping Hands Ministries of Woodruff Area Inc

Analysis

Helping Hands Ministries of Woodruff Area Inc is a registered charity in United States, based in Woodruff, SC. It received its IRS tax-exemption ruling in April 1992, 34 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 Ministries of Woodruff Area Inc reported income of $869k and spending of $879k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $659k to $869k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hands Ministries of Woodruff Area Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within SC. Charities of a similar size with the same main cause include Washington County Council on Aging Inc ($869k), Center for Immigrants and Immigration Services ($869k) and Prismxl Services Inc ($869k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $57k (6.5% of expenses). Other salaries and wages came to $3,825. At year end it held assets of $285k against liabilities of -$4,199, net assets of $289k. It reported 3 employees.