Helping Hands for People Inc

Analysis

Helping Hands for People Inc is a registered charity in United States, based in Blountstown, FL. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Helping Hands for People Inc reported income of $70k and spending of $123k, spending 177% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $181k to $70k (-62%), an average of -62% a year. The sharpest change came in the year to December 2023, when income dropped by 62%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hands for People Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 31st percentile within FL. Charities of a similar size with the same main cause include Safe & Sound Ministries ($70k), Exceptional People in Communty Inc ($70k) and Florence for Youth in Action ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 92% of the total. At year end it held assets of $133k against liabilities of $2,878, net assets of $130k.