Helping Hands Inc

Analysis

Helping Hands Inc is a registered charity in United States, based in Greenup, KY. It received its IRS tax-exemption ruling in December 1996, 30 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 Inc reported income of $118k and spending of $129k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $151k to $118k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hands Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within KY. Charities of a similar size with the same main cause include Jack R Vollertsen Trust ($118k), Foster a Life ($118k) and Abounding Grace Ministries -- Middle Georgia Inc ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $55k against liabilities of $1,874, net assets of $53k.