Helping Hand Mission

Analysis

Helping Hand Mission is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 2023, 3 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 January 2022, Helping Hand Mission reported income of $365k and spending of $284k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2019 to January 2022, income grew from $219k to $365k (+67%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hand Mission sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Tabithas Heart ($365k), United Methodist Memorial Home Foundation ($365k) and Tewksbury Youth Skating Association ($365k).

On its Form 990 for the period ending January 2022, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $10k (3.5% of expenses). Other salaries and wages came to $63k. At year end it held assets of $3.6m against liabilities of $386k, net assets of $3.2m. It reported 5 employees.