Helping Hands Ministries Inc

Analysis

Helping Hands Ministries Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in November 1997, 29 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 Ministries Inc reported income of $34.5m and spending of $31.1m, spending 90% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $15.3m to $34.5m (+125%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hands Ministries Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Homewood Living Plum Creek Inc ($34.5m), Lift to Rise ($34.5m) and Panhandle Community Services ($34.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $100k (0.3% of expenses). Other salaries and wages came to $492k. At year end it held assets of $7.1m against liabilities of $45k, net assets of $7.0m. It reported 12 employees.