Helping Hand of Hope Inc

Analysis

Helping Hand of Hope Inc is a registered charity in United States, based in Elizabethtown, KY. It received its IRS tax-exemption ruling in July 1975, 51 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 June 2024, Helping Hand of Hope Inc reported income of $435k and spending of $456k, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $394k to $435k (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2021, when income dropped by 18%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hand of Hope Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within KY. Charities of a similar size with the same main cause include Community Advance Inc ($435k), New Covenant Community Development Center ($435k) and Abbas Arms Ministry ($435k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $75k (16% of expenses). Other salaries and wages came to $140k. At year end it held assets of $777k against liabilities of $4,554, net assets of $772k. It reported 7 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.