Helping Hands Health Clinic Inc

Analysis

Helping Hands Health Clinic Inc is a registered charity in United States, based in Elkton, KY. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Health Clinic Inc reported income of $2.9m and spending of $2.6m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.9m (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Helping Hands Health Clinic Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Turning Point Inc ($2.9m), Asbury Place ($2.9m) and Life Center Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $104k (4.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.8m against liabilities of $39k, net assets of $3.8m. It reported 59 employees.